COUNTRY •
POLAND
Last Update: 22 Mar 2023 6:23 GMT+0
The Poland 10Y Government Bond has a 5.997% yield.
10 Years vs 2 Years bond spread is 11.3 bp. Yield Curve is flat 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 | 7.340% | +8.0 bp | -49.0 bp | 22 Mar | |||||
| 2 months | 7.390% | +1.0 bp | -48.0 bp | 22 Mar | |||||
| 1 year | 5.880% | -40.6 bp | -118.9 bp | 94.45 | +0.38 % | +1.12 % | 22 Mar | ||
| 2 years | 5.884% | -50.5 bp | -78.0 bp | 89.19 | +0.95 % | +1.47 % | 22 Mar | ||
| 3 years | 5.927% | -56.5 bp | -76.3 bp | 84.14 | +1.62 % | +2.19 % | 22 Mar | ||
| 4 years | 5.877% | -72.4 bp | -85.9 bp | 79.58 | +2.76 % | +3.28 % | 22 Mar | ||
| 5 years | 5.908% | -69.6 bp | -64.4 bp | 75.05 | +3.33 % | +3.08 % | 22 Mar | ||
| 6 years | 5.926% | -71.5 bp | -45.0 bp | 70.79 | +4.12 % | +2.58 % | 22 Mar | ||
| 7 years | 5.928% | -65.9 bp | -35.2 bp | 66.82 | +4.44 % | +2.34 % | 22 Mar | ||
| 8 years | 5.879% | -55.1 bp | n.a. | 63.32 | +4.25 % | n.a. | 20 Mar | ||
| 10 years | 5.997% | -65.0 bp | -20.4 bp | 55.86 | +6.32 % | +1.95 % | 22 Mar | ||
Last Update: 22 Mar 2023 6:23 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 (6.75%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 5.997% | -75.3 bp | ||||
| 5 years | 5.908% | -84.2 bp | ||||
| 2 years | 5.884% | -86.6 bp | ||||
| 1 year | 5.880% | -87.0 bp | ||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 0.4 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 2.4 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 11.3 bp | Yield Curve is flat 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 5.997% 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 | 570.8 bp | -43.9 bp | -25.2 bp | Compare | |
| Germany 10Y | 370.7 bp | -41.4 bp | -52.2 bp | Compare | |
| France 10Y | 317.7 bp | -46.7 bp | -49.6 bp | Compare | |
| China 10Y | 311.7 bp | -59.2 bp | -40.6 bp | Compare | |
| Canada 10Y | 308.6 bp | -16.0 bp | +1.3 bp | Compare | |
| Spain 10Y | 265.3 bp | -40.3 bp | -41.0 bp | Compare | |
| United Kingdom 10Y | 263.9 bp | -39.9 bp | -3.0 bp | Compare | |
| Australia 10Y | 262.9 bp | -13.5 bp | +28.6 bp | Compare | |
| United States 10Y | 241.4 bp | -31.7 bp | -7.7 bp | Compare | |
| Italy 10Y | 188.2 bp | -29.1 bp | -15.9 bp | Compare | |
| India 10Y | -135.7 bp | -57.5 bp | -24.6 bp | Compare | |
| Russia 10Y | -516.3 bp | -83.0 bp | -90.4 bp | Compare | |
| Brazil 10Y | -707.4 bp | -52.5 bp | -160.2 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 | 5.997% | 55.86 | 63.22 | 77.94 | 92.66 | 107.38 | 122.11 | ||
| 8 years | 5.879% | 63.32 | 69.56 | 82.04 | 94.52 | 106.99 | 119.47 | ||
| 7 years | 5.928% | 66.82 | 72.42 | 83.61 | 94.81 | 106.00 | 117.19 | ||
| 6 years | 5.926% | 70.79 | 75.72 | 85.58 | 95.44 | 105.29 | 115.15 | ||
| 5 years | 5.908% | 75.05 | 79.27 | 87.72 | 96.17 | 104.61 | 113.06 | ||
| 4 years | 5.877% | 79.58 | 83.05 | 90.00 | 96.95 | 103.90 | 110.85 | ||
| 3 years | 5.927% | 84.14 | 86.81 | 92.17 | 97.52 | 102.87 | 108.23 | ||
| 2 years | 5.884% | 89.19 | 91.03 | 94.70 | 98.38 | 102.05 | 105.72 | ||
| 1 year | 5.880% | 94.45 | 95.39 | 97.28 | 99.17 | 101.06 | 102.95 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||