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%.

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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).
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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:
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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

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.
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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.
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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

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