Nigeria Government Bonds - Yields Curve

COUNTRY • SUMMARY
NIGERIA
Last Update: 27 Apr 2024 2:15 GMT+0

The Nigeria 10Y Government Bond has a 19.465% yield.

10 Years vs 2 Years bond spread is 51 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 24.75% (last modification in March 2024).

The Nigeria credit rating is B-, according to Standard & Poor's agency.

Table of contents
Mastering Etf Investing
The first official book of
Mastering ETF Investing
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
Choose a goal
Use the best metrics to test it
Choose Bond ETFs to control risk
Join the passive investing strategy
New asset allocation simulations in USD and EUR
Buy on Amazon
English book
Buy on Amazon
Italian book

Nigeria Yield Curve

If data are not all visible, swipe table left
Residual
Maturity		 Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
2 years 18.955% -82.1 bp +661.4 bp 70.67 +1.39 % -10.82 % 26 Apr
3 years 18.068% -101.6 bp +468.1 bp 60.76 +2.60 % -11.43 % 26 Apr
4 years 18.458% -138.3 bp +449.0 bp 50.79 +4.76 % -14.31 % 26 Apr
5 years 18.951% -101.3 bp +433.8 bp 41.99 +4.32 % -16.95 % 26 Apr
7 years 19.146% -10.0 bp +394.3 bp 29.34 +0.58 % -20.98 % 26 Apr
10 years 19.465% -71.1 bp +425.1 bp 16.89 +6.09 % -30.38 % 26 Apr
20 years 18.922% +0.6 bp +298.3 bp 3.12 -0.32 % -39.88 % 26 Apr
30 years 18.608% +0.6 bp +249.0 bp 0.60 0.00 % -46.90 % 26 Apr
Last Update: 27 Apr 2024 2:15 GMT+0

Nigeria Yield Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).

If data are not all visible, swipe table left
Residual
Maturity		 Yield Spread vs Bond Spread vs
Central Bank
Rate (24.75%)
2 years 5 years 10 years
30 years 18.608%
-34.7 bp
-34.3 bp
-85.7 bp
-614.2 bp
10 years 19.465%
-528.5 bp
5 years 18.951%
-0.4 bp
-579.9 bp
2 years 18.955%
-579.5 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
5Y vs 2Y -0.4 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y 51 bp Normal Convexity in Long-Term vs Short-Term Maturities
Readings that may interest you

Nigeria Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Nigeria Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's B- -
Moody's Investors Service Caa1 positive
Fitch Ratings B- -
DBRS - -

Nigeria Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.

Interest Rates Value
Central Bank Rate 24.75%

Nigeria 10Y Bond Yield Spread

The Nigeria 10Y Government Bond has a 19.465% yield.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle .

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
Nigeria 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 1858.3 bp -88.2 bp +424.3 bp
vs China 10Y 1726.0 bp -60.4 bp +478.1 bp
vs Germany 10Y 1688.7 bp -99.9 bp +448.7 bp
vs France 10Y 1639.6 bp -99.1 bp +462.2 bp
vs Spain 10Y 1609.4 bp -95.0 bp +478.9 bp
vs Canada 10Y 1561.4 bp -109.4 bp +441.5 bp
vs Italy 10Y 1557.5 bp -98.6 bp +520.0 bp
vs United Kingdom 10Y 1513.7 bp -110.7 bp +448.5 bp
vs Australia 10Y 1492.5 bp -125.9 bp +452.4 bp
vs United States 10Y 1480.2 bp -118.6 bp +442.6 bp
vs India 10Y 1226.6 bp -83.8 bp +440.3 bp
vs Brazil 10Y 787.8 bp -137.6 bp +415.2 bp
vs Russia 10Y 501.5 bp -140.1 bp +229.1 bp

Nigeria Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates.

The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
If data are not all visible, swipe table left
Residual
Maturity		 Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
30 years 18.608% 0.60 5.94 16.62 27.31 37.99 48.67
20 years 18.922% 3.12 8.24 18.48 28.72 38.96 49.20
10 years 19.465% 16.89 21.16 29.70 38.24 46.78 55.32
7 years 19.146% 29.34 33.03 40.41 47.79 55.17 62.55
5 years 18.951% 41.99 45.05 51.17 57.30 63.42 69.54
4 years 18.458% 50.79 53.45 58.78 64.12 69.45 74.78
3 years 18.068% 60.76 62.93 67.27 71.62 75.96 80.31
2 years 18.955% 70.67 72.22 75.31 78.41 81.50 84.60
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

Back to Home Page - World Government Bonds