COUNTRY •
POLAND
Last Update: 28 Jun 2022 5:23 GMT+0
The Poland 10Y Government Bond has a 7.307% yield.
10 Years vs 2 Years bond spread is -47.7 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 6.00% (last modification in June 2022).
The Poland credit rating is A-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 105.00 and implied probability of default is 1.75%.
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 | ||||
| 1 month | 6.840% | +79.0 bp | +441.0 bp | 28 Jun | |||||
| 2 months | 6.970% | +44.0 bp | +433.0 bp | 28 Jun | |||||
| 1 year | 6.849% | +72.0 bp | +385.3 bp | 93.59 | -0.67 % | -3.60 % | 28 Jun | ||
| 2 years | 7.784% | +138.3 bp | +474.4 bp | 86.08 | -2.55 % | -8.61 % | 28 Jun | ||
| 3 years | 7.433% | +89.2 bp | +402.5 bp | 80.65 | -2.47 % | -10.82 % | 28 Jun | ||
| 4 years | 7.800% | +97.6 bp | +414.3 bp | 74.05 | -3.57 % | -14.51 % | 28 Jun | ||
| 5 years | 7.667% | +79.3 bp | +382.5 bp | 69.12 | -3.63 % | -16.54 % | 28 Jun | ||
| 6 years | 7.432% | +68.2 bp | +357.1 bp | 65.04 | -3.76 % | -18.36 % | 28 Jun | ||
| 7 years | 7.284% | +52.0 bp | +361.6 bp | 61.13 | -3.34 % | -21.34 % | 28 Jun | ||
| 9 years | 7.309% | +69.8 bp | +384.8 bp | 53.00 | -5.71 % | -28.01 % | 28 Jun | ||
| 10 years | 7.307% | +60.4 bp | +379.7 bp | 49.40 | -5.49 % | -30.25 % | 28 Jun | ||
Last Update: 28 Jun 2022 5:23 GMT+0
Poland Yield Curve 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).
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 (6.00%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 7.307% | 130.7 bp | ||||
| 5 years | 7.667% | 166.7 bp | ||||
| 2 years | 7.784% | 178.4 bp | ||||
| 1 year | 6.849% | 84.9 bp | ||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 93.5 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | -11.7 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -47.7 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Poland 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
Poland Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
A-
|
- |
| Moody's Investors Service |
A2
|
- |
| Fitch Ratings |
A-
|
- |
| DBRS |
A
|
- |
Poland 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 | 6.00% |
Poland Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 105.00 | -5.41 % | -5.41 % | +105.88 % | 1.75 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Poland 10Y Bond Yield Spread
The Poland 10Y Government Bond has a 7.307% yield. Click on Spread value for the historical serie.
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
| Poland 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 707.8 bp | +59.8 bp | +362.7 bp | Compare | |
| Germany 10Y | 576.4 bp | +3.7 bp | +201.8 bp | Compare | |
| France 10Y | 523.2 bp | +2.3 bp | +185.3 bp | Compare | |
| United Kingdom 10Y | 492.0 bp | +14.1 bp | +233.3 bp | Compare | |
| Spain 10Y | 462.0 bp | +0.5 bp | +162.0 bp | Compare | |
| China 10Y | 445.5 bp | +50.2 bp | +376.5 bp | Compare | |
| United States 10Y | 412.6 bp | +16.6 bp | +210.0 bp | Compare | |
| Canada 10Y | 392.6 bp | +1.3 bp | +189.2 bp | Compare | |
| Italy 10Y | 368.8 bp | -11.9 bp | +127.3 bp | Compare | |
| Australia 10Y | 356.5 bp | +11.1 bp | +164.2 bp | Compare | |
| India 10Y | -14.0 bp | +50.7 bp | +282.8 bp | Compare | |
| Russia 10Y | -135.3 bp | +145.4 bp | +355.2 bp | Compare | |
| Brazil 10Y | -547.5 bp | +25.5 bp | +172.2 bp | Compare |
Poland 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% | ||||
| 10 years | 7.307% | 49.40 | 56.32 | 70.17 | 84.02 | 97.87 | 111.72 | ||
| 9 years | 7.309% | 53.00 | 59.43 | 72.29 | 85.15 | 98.01 | 110.87 | ||
| 7 years | 7.284% | 61.13 | 66.47 | 77.14 | 87.81 | 98.48 | 109.16 | ||
| 6 years | 7.432% | 65.04 | 69.75 | 79.15 | 88.56 | 97.97 | 107.38 | ||
| 5 years | 7.667% | 69.12 | 73.15 | 81.20 | 89.26 | 97.31 | 105.37 | ||
| 4 years | 7.800% | 74.05 | 77.38 | 84.03 | 90.68 | 97.34 | 103.99 | ||
| 3 years | 7.433% | 80.65 | 83.25 | 88.46 | 93.67 | 98.87 | 104.08 | ||
| 2 years | 7.784% | 86.08 | 87.87 | 91.44 | 95.02 | 98.60 | 102.17 | ||
| 1 year | 6.849% | 93.59 | 94.53 | 96.40 | 98.27 | 100.14 | 102.01 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||