COUNTRY •
POLAND
Last Update: 27 Nov 2022 3:15 GMT+0
The Poland 10Y Government Bond has a 6.872% yield.
10 Years vs 2 Years bond spread is -21.9 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 6.75% (last modification in September 2022).
The Poland credit rating is A-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 151.00 and implied probability of default is 2.52%.
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 | 7.250% | -125.0 bp | +120.0 bp | 25 Nov | |||||
| 2 months | 11.800% | +320.0 bp | +527.0 bp | 25 Nov | |||||
| 1 year | 6.892% | -70.8 bp | +76.3 bp | 93.55 | +0.66 % | -0.71 % | 25 Nov | ||
| 2 years | 7.091% | -112.9 bp | +69.0 bp | 87.20 | +2.12 % | -1.28 % | 25 Nov | ||
| 3 years | 7.215% | -107.6 bp | +67.4 bp | 81.14 | +3.05 % | -1.87 % | 25 Nov | ||
| 4 years | 7.235% | -100.4 bp | +41.1 bp | 75.62 | +3.79 % | -1.52 % | 25 Nov | ||
| 5 years | 7.153% | -93.7 bp | +27.9 bp | 70.79 | +4.44 % | -1.30 % | 25 Nov | ||
| 6 years | 6.976% | -101.1 bp | +22.6 bp | 66.72 | +5.80 % | -1.27 % | 25 Nov | ||
| 7 years | 6.872% | -105.9 bp | +10.8 bp | 62.80 | +7.15 % | -0.70 % | 25 Nov | ||
| 9 years | 5.327% | 0.0 bp | -128.4 bp | 62.68 | 0.00 % | +11.51 % | 10 Aug | ||
| 10 years | 6.872% | -104.3 bp | +16.9 bp | 51.45 | +10.19 % | -1.57 % | 25 Nov | ||
Last Update: 27 Nov 2022 3:15 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).
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| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (6.75%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 6.872% | 12.2 bp | ||||
| 5 years | 7.153% | 40.3 bp | ||||
| 2 years | 7.091% | 34.1 bp | ||||
| 1 year | 6.892% | 14.2 bp | ||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 19.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 6.2 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -21.9 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 | 6.75% |
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 | 151.00 | 0.00 % | 0.00 % | +189.27 % | 2.52 % |
(*) 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 6.872% 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.
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| Poland 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 661.7 bp | -105.3 bp | +13.7 bp | Compare | |
| Germany 10Y | 490.2 bp | -105.0 bp | -82.5 bp | Compare | |
| France 10Y | 443.8 bp | -100.5 bp | -77.1 bp | Compare | |
| China 10Y | 403.1 bp | -118.3 bp | +7.8 bp | Compare | |
| Canada 10Y | 393.4 bp | -78.2 bp | +2.1 bp | Compare | |
| Spain 10Y | 391.7 bp | -99.0 bp | -69.8 bp | Compare | |
| United Kingdom 10Y | 376.1 bp | -70.5 bp | -101.8 bp | Compare | |
| Australia 10Y | 328.0 bp | -86.5 bp | -17.4 bp | Compare | |
| United States 10Y | 318.1 bp | -80.5 bp | -77.9 bp | Compare | |
| Italy 10Y | 302.3 bp | -91.4 bp | -78.4 bp | Compare | |
| India 10Y | -42.9 bp | -93.2 bp | +21.8 bp | Compare | |
| Russia 10Y | -319.8 bp | -128.3 bp | -39.1 bp | Compare | |
| Brazil 10Y | -678.4 bp | -257.6 bp | -105.4 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 | 6.872% | 51.45 | 58.51 | 72.64 | 86.77 | 100.90 | 115.04 | ||
| 7 years | 6.872% | 62.80 | 68.21 | 79.04 | 89.87 | 100.69 | 111.52 | ||
| 6 years | 6.976% | 66.72 | 71.49 | 81.03 | 90.57 | 100.11 | 109.65 | ||
| 5 years | 7.153% | 70.79 | 74.87 | 83.04 | 91.21 | 99.38 | 107.54 | ||
| 4 years | 7.235% | 75.62 | 78.99 | 85.73 | 92.47 | 99.21 | 105.95 | ||
| 3 years | 7.215% | 81.14 | 83.75 | 88.98 | 94.21 | 99.44 | 104.67 | ||
| 2 years | 7.091% | 87.20 | 89.00 | 92.61 | 96.22 | 99.84 | 103.45 | ||
| 1 year | 6.892% | 93.55 | 94.49 | 96.36 | 98.23 | 100.10 | 101.97 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||