Last Update: 16 Dec 2019 1:15 GMT+0
The Nigeria 10Y Government Bond has a 11.423% yield.
10 Years vs 2 Years bond spread is 241.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 13.50% (last modification in March 2019).
The Nigeria credit rating is B, according to Standard & Poor's agency.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 248 bp | Normal Convexity in Short-Term Maturities | ||
| 10Y vs 2Y | 241.1 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 | 13.50% |
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 | 13.283% | -1.5 bp | +218.2 bp | ||||||
| 6 months | 13.569% | +66.0 bp | +63.2 bp | ||||||
| 1 year | 6.532% | -340.6 bp | -741.8 bp | 93.87 | +3.20 % | +6.96 % | |||
| 2 years | 9.012% | -249.7 bp | -687.2 bp | 84.15 | +4.64 % | +13.00 % | |||
| 4 years | 10.525% | -113.7 bp | -394.6 bp | 67.01 | +4.18 % | +15.06 % | |||
| 7 years | 11.051% | -84.2 bp | -454.4 bp | 48.01 | +5.42 % | +32.40 % | |||
| 10 years | 11.423% | -132.9 bp | -316.9 bp | 33.90 | +12.59 % | +32.37 % | |||
| 20 years | 11.691% | -135.0 bp | -442.8 bp | 10.96 | +27.15 % | +117.89 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 11.423% 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 | 1172.3 bp | -136.4 | -312.3 | ||
| Japan 10Y | 1144.6 bp | -136.6 | -327.6 | ||
| France 10Y | 1142.8 bp | -134.9 | -307.4 | ||
| Spain 10Y | 1102.0 bp | -129.4 | -307.3 | ||
| United Kingdom 10Y | 1063.8 bp | -138.8 | -310.4 | ||
| Australia 10Y | 1026.1 bp | -132.9 | -296.1 | ||
| Italy 10Y | 1016.9 bp | -125.7 | -210.4 | ||
| Canada 10Y | 984.0 bp | -142.6 | -331.7 | ||
| United States 10Y | 958.5 bp | -133.1 | -292.3 | ||
| China 10Y | 820.5 bp | -127.7 | -310.8 | ||
| Russia 10Y | 507.3 bp | -122.9 | -185.9 | ||
| Brazil 10Y | 468.5 bp | -140.8 | -197.7 | ||
| India 10Y | 464.1 bp | -159.2 | -303.2 |
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 | 11.691% | 10.96 | 18.57 | 33.81 | 49.04 | 64.27 | 79.50 | |
| 10 years | 11.423% | 33.90 | 39.69 | 51.26 | 62.84 | 74.41 | 85.98 | |
| 7 years | 11.051% | 48.01 | 52.72 | 62.12 | 71.53 | 80.94 | 90.35 | |
| 4 years | 10.525% | 67.01 | 70.15 | 76.42 | 82.68 | 88.95 | 95.22 | |
| 2 years | 9.012% | 84.15 | 85.91 | 89.43 | 92.94 | 96.46 | 99.98 | |
| 1 year | 6.532% | 93.87 | 94.81 | 96.68 | 98.56 | 100.44 | 102.32 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||