COUNTRY •
POLAND
Last Update: 25 Sep 2023 2:15 GMT+0
The Poland 10Y Government Bond has a 5.775% yield.
10 Years vs 2 Years bond spread is 71.9 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 6.00% (last modification in September 2023).
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 | 6.300% | -70.0 bp | -99.0 bp | 22 Sep | |||||
| 2 months | 6.300% | -70.0 bp | -114.0 bp | 22 Sep | |||||
| 1 year | 4.992% | -52.4 bp | -108.0 bp | 95.25 | +0.51 % | +1.03 % | 23 Sep | ||
| 2 years | 5.056% | -34.8 bp | -94.2 bp | 90.61 | +0.67 % | +1.81 % | 22 Sep | ||
| 3 years | 5.069% | -31.9 bp | -92.9 bp | 86.21 | +0.91 % | +2.67 % | 22 Sep | ||
| 4 years | 5.116% | -27.7 bp | -87.3 bp | 81.91 | +1.06 % | +3.37 % | 23 Sep | ||
| 5 years | 5.231% | -24.6 bp | -72.7 bp | 77.50 | +1.17 % | +3.51 % | 22 Sep | ||
| 6 years | 5.322% | -14.4 bp | -68.7 bp | 73.26 | +0.83 % | +3.97 % | 22 Sep | ||
| 7 years | 5.459% | -6.6 bp | -49.3 bp | 68.93 | +0.44 % | +3.31 % | 23 Sep | ||
| 8 years | 5.807% | 0.0 bp | -14.7 bp | 63.66 | 0.00 % | +1.11 % | 15 May | ||
| 10 years | 5.775% | +5.6 bp | -24.7 bp | 57.04 | -0.52 % | +2.37 % | 22 Sep | ||
Last Update: 25 Sep 2023 2:15 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).
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 | 5.775% | -22.5 bp | ||||
| 5 years | 5.231% | -76.9 bp | ||||
| 2 years | 5.056% | -94.4 bp | ||||
| 1 year | 4.992% | -100.8 bp | ||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 6.4 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 17.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 71.9 bp | Normal Convexity 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 | 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 5.775% 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 | 505.1 bp | -1.7 bp | -71.2 bp | Compare | |
| China 10Y | 306.8 bp | -6.8 bp | -6.2 bp | Compare | |
| Germany 10Y | 304.3 bp | -12.0 bp | -82.9 bp | Compare | |
| France 10Y | 249.0 bp | -14.0 bp | -86.3 bp | Compare | |
| Spain 10Y | 196.9 bp | -17.1 bp | -83.5 bp | Compare | |
| Canada 10Y | 182.5 bp | -16.2 bp | -143.1 bp | Compare | |
| United Kingdom 10Y | 151.6 bp | +23.2 bp | -122.2 bp | Compare | |
| Australia 10Y | 146.1 bp | -11.6 bp | -133.4 bp | Compare | |
| United States 10Y | 131.6 bp | -17.0 bp | -133.4 bp | Compare | |
| Italy 10Y | 114.3 bp | -34.4 bp | -87.6 bp | Compare | |
| India 10Y | -137.5 bp | +11.2 bp | -7.9 bp | Compare | |
| Brazil 10Y | -564.6 bp | -25.6 bp | +131.8 bp | Compare | |
| Russia 10Y | -678.0 bp | -55.9 bp | -164.2 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 | 5.775% | 57.04 | 64.48 | 79.36 | 94.23 | 109.11 | 123.99 | ||
| 7 years | 5.459% | 68.93 | 74.62 | 86.00 | 97.39 | 108.77 | 120.15 | ||
| 6 years | 5.322% | 73.26 | 78.29 | 88.33 | 98.38 | 108.43 | 118.48 | ||
| 5 years | 5.231% | 77.50 | 81.80 | 90.40 | 99.01 | 107.61 | 116.21 | ||
| 4 years | 5.116% | 81.91 | 85.44 | 92.52 | 99.59 | 106.66 | 113.74 | ||
| 3 years | 5.069% | 86.21 | 88.93 | 94.37 | 99.81 | 105.25 | 110.69 | ||
| 2 years | 5.056% | 90.61 | 92.46 | 96.18 | 99.90 | 103.61 | 107.33 | ||
| 1 year | 4.992% | 95.25 | 96.20 | 98.10 | 100.01 | 101.91 | 103.82 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||