Last Update: 2 Jun 2020 6:15 GMT+0
The Nigeria 10Y Government Bond has a 11.447% yield.
10 Years vs 2 Years bond spread is 525.9 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 12.50% (last modification in May 2020).
The Nigeria credit rating is B-, according to Standard & Poor's agency.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | -112.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 10Y vs 2Y | 525.9 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
|
negative |
| DBRS |
-
|
- |
| Nigeria Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 12.50% |
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 | 4.336% | +205.4 bp | -936.9 bp | ||||||
| 6 months | 2.228% | -57.6 bp | -1038.5 bp | ||||||
| 1 year | 7.309% | +406.8 bp | -140.9 bp | 93.19 | -3.79 % | +1.32 % | |||
| 2 years | 6.188% | +43.3 bp | -462.9 bp | 88.68 | -0.82 % | +8.90 % | |||
| 4 years | 8.947% | +39.9 bp | -298.2 bp | 70.98 | -1.46 % | +11.41 % | |||
| 7 years | 10.298% | -70.5 bp | -182.1 bp | 50.35 | +4.55 % | +12.14 % | |||
| 10 years | 11.447% | +16.1 bp | -125.5 bp | 33.83 | -1.43 % | +11.83 % | |||
| 20 years | 11.429% | +12.6 bp | -143.7 bp | 11.48 | -2.30 % | +29.13 % | |||
10Y Bond Yield Spread - Nigeria vs Main Countries
The Nigeria 10Y Government Bond has a 11.447% 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 | 1186.3 bp | -0.9 | -112.0 | ||
| France 10Y | 1148.6 bp | +9.2 | -118.9 | ||
| Japan 10Y | 1144.4 bp | +14.3 | -129.9 | ||
| United Kingdom 10Y | 1121.5 bp | +17.6 | -74.7 | ||
| Canada 10Y | 1091.4 bp | +15.2 | -25.0 | ||
| Spain 10Y | 1087.7 bp | +31.5 | -134.4 | ||
| United States 10Y | 1078.5 bp | +11.7 | -9.5 | ||
| Australia 10Y | 1053.9 bp | +11.4 | -104.0 | ||
| Italy 10Y | 997.8 bp | +44.7 | -128.5 | ||
| China 10Y | 866.1 bp | -11.0 | -82.3 | ||
| Russia 10Y | 595.2 bp | +77.1 | -32.0 | ||
| India 10Y | 538.2 bp | +20.6 | -83.6 | ||
| Brazil 10Y | 451.7 bp | +77.7 | -128.7 |
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 | 11.429% | 11.48 | 19.23 | 34.72 | 50.21 | 65.70 | 81.19 | |
| 10 years | 11.447% | 33.83 | 39.61 | 51.17 | 62.73 | 74.29 | 85.86 | |
| 7 years | 10.298% | 50.35 | 55.17 | 64.82 | 74.46 | 84.10 | 93.74 | |
| 4 years | 8.947% | 70.98 | 74.22 | 80.71 | 87.20 | 93.68 | 100.17 | |
| 2 years | 6.188% | 88.68 | 90.51 | 94.17 | 97.83 | 101.48 | 105.14 | |
| 1 year | 7.309% | 93.19 | 94.12 | 95.98 | 97.85 | 99.71 | 101.58 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||