Last Update: 12 Apr 2021 20:15 GMT+0
The Nigeria 10Y Government Bond has a 11.688% yield.
10 Years vs 2 Years bond spread is 604.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 11.50% (last modification in September 2020).
The Nigeria credit rating is B-, according to Standard & Poor's agency.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 117.8 bp | Normal Convexity in Short-Term Maturities | ||
| 10Y vs 2Y | 604.8 bp | Normal Convexity in Long-Term vs Short-Term Maturities | ||
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B-
|
- |
| Moody's Investors Service |
B2
|
negative |
| Fitch Ratings |
B
|
- |
| DBRS |
-
|
- |
| Nigeria Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 11.50% |
Nigeria Government Bonds
List of available Government Bonds. Click on the "Residual Maturity" link to get historical serie. Click on the Forecast link
, to see preditions of bond yield.
Price refers to a hypothetical zero coupon bond, with a face value 100.
| Residual Maturity |
Yield | ZC Price | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 2.445% | +188.7 bp | +142.6 bp | ||||||
| 6 months | 3.252% | -35.4 bp | +190.4 bp | ||||||
| 1 year | 4.462% | +63.7 bp | +293.1 bp | 95.73 | -0.61 % | -2.80 % | |||
| 2 years | 5.640% | -112.0 bp | +248.7 bp | 89.61 | +2.13 % | -4.65 % | |||
| 4 years | 9.008% | +92.9 bp | +587.7 bp | 70.82 | -3.37 % | -19.89 % | |||
| 7 years | 10.942% | +84.3 bp | +520.8 bp | 48.34 | -5.20 % | -28.59 % | |||
| 10 years | 11.688% | +134.5 bp | +532.4 bp | 33.11 | -11.40 % | -38.64 % | |||
| 20 years | 12.470% | +137.7 bp | +437.6 bp | 9.53 | -21.89 % | -54.79 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 11.688% yield. Click on Spread value for the historical serie.
A positive spread (marked by a red circle) means that the 10Y Bond Yield is higher than the corresponding foreign bond.
Clicking on the "Full Country Comparison" link, you can perform a full check of available data and see the differences between the countries.
| Nigeria 10Y vs | Current Spread | Chg 1M | Chg 6M | Country Full Comparison |
|
|---|---|---|---|---|---|
| Germany 10Y | 1198.0 bp | +132.9 | +507.0 | ||
| France 10Y | 1172.2 bp | +131.1 | +507.3 | ||
| Japan 10Y | 1158.4 bp | +135.1 | +524.6 | ||
| Spain 10Y | 1130.0 bp | +128.9 | +508.2 | ||
| Italy 10Y | 1095.3 bp | +123.7 | +526.2 | ||
| United Kingdom 10Y | 1090.0 bp | +138.3 | +480.9 | ||
| Canada 10Y | 1016.9 bp | +142.1 | +443.4 | ||
| United States 10Y | 1001.7 bp | +129.9 | +443.2 | ||
| Australia 10Y | 995.2 bp | +142.8 | +444.2 | ||
| China 10Y | 846.7 bp | +140.6 | +531.3 | ||
| India 10Y | 567.7 bp | +156.6 | +521.2 | ||
| Russia 10Y | 437.3 bp | +81.5 | +398.4 | ||
| Brazil 10Y | 256.9 bp | +84.7 | +384.7 |
Nigeria Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The overall yield is the current market yield. The highlighted column refers to the zero coupon bond.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 20 years | 12.470% | 9.53 | 16.79 | 31.30 | 45.81 | 60.32 | 74.83 | |
| 10 years | 11.688% | 33.11 | 38.83 | 50.28 | 61.72 | 73.17 | 84.62 | |
| 7 years | 10.942% | 48.34 | 53.06 | 62.51 | 71.95 | 81.39 | 90.83 | |
| 4 years | 9.008% | 70.82 | 74.06 | 80.54 | 87.02 | 93.50 | 99.97 | |
| 2 years | 5.640% | 89.61 | 91.45 | 95.14 | 98.82 | 102.51 | 106.19 | |
| 1 year | 4.462% | 95.73 | 96.69 | 98.60 | 100.52 | 102.43 | 104.34 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||