COUNTRY •
PORTUGAL
Last Update: 26 Jun 2022 20:23 GMT+0
The Portugal 10Y Government Bond has a 2.531% yield.
10 Years vs 2 Years bond spread is 145 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The Portugal credit rating is BBB, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 53.60 and implied probability of default is 0.89%.
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 | ||||
| 6 months | 0.050% | +22.6 bp | +96.5 bp | 26 Jun | |||||
| 1 year | 0.050% | +4.9 bp | +78.2 bp | 99.95 | -0.05 % | -0.78 % | 26 Jun | ||
| 2 years | 1.081% | +58.9 bp | +180.1 bp | 97.87 | -1.16 % | -3.54 % | 26 Jun | ||
| 3 years | 1.484% | +55.1 bp | +211.0 bp | 95.68 | -1.61 % | -6.10 % | 26 Jun | ||
| 4 years | 1.641% | +56.0 bp | +204.1 bp | 93.70 | -2.18 % | -7.79 % | 26 Jun | ||
| 5 years | 1.854% | +52.7 bp | +217.8 bp | 91.22 | -2.56 % | -10.25 % | 26 Jun | ||
| 6 years | 1.898% | +47.9 bp | +199.1 bp | 89.33 | -2.79 % | -11.17 % | 26 Jun | ||
| 7 years | 2.023% | +45.7 bp | +202.9 bp | 86.92 | -3.09 % | -13.11 % | 26 Jun | ||
| 8 years | 2.277% | +46.3 bp | +218.4 bp | 83.52 | -3.56 % | -15.86 % | 26 Jun | ||
| 9 years | 2.408% | +45.3 bp | +217.8 bp | 80.72 | -3.92 % | -17.59 % | 26 Jun | ||
| 10 years | 2.531% | +41.9 bp | +213.7 bp | 77.88 | -4.02 % | -18.99 % | 26 Jun | ||
| 15 years | 2.707% | +44.4 bp | +201.2 bp | 66.99 | -6.29 % | -25.67 % | 26 Jun | ||
| 20 years | 2.954% | +42.1 bp | +224.6 bp | 55.86 | -7.88 % | -35.67 % | 26 Jun | ||
| 30 years | 3.189% | +40.1 bp | +190.4 bp | 38.99 | -11.04 % | -42.81 % | 26 Jun | ||
Last Update: 26 Jun 2022 20:23 GMT+0
Portugal 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 (0.00%) |
||||
|---|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.189% | 318.9 bp | |||||
| 10 years | 2.531% | 253.1 bp | |||||
| 5 years | 1.854% | 185.4 bp | |||||
| 2 years | 1.081% | 108.1 bp | |||||
| 1 year | 0.050% | 5.0 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 103.1 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 77.3 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 145 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Portugal 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
Portugal Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
BBB
|
- |
| Moody's Investors Service |
Baa2
|
- |
| Fitch Ratings |
BBB
|
positive |
| DBRS |
BBB (high)
|
positive |
Portugal 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 | 0.00% |
Portugal 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.
If data are not all visible, swipe table left
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 53.60 | -4.29 % | +2.10 % | +72.90 % | 0.89 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Portugal 10Y Bond Yield Spread
The Portugal 10Y Government Bond has a 2.531% 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
| Portugal 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 230.8 bp | +43.6 bp | +197.3 bp | Compare | |
| Germany 10Y | 109.0 bp | -3.6 bp | +44.2 bp | Compare | |
| France 10Y | 56.7 bp | -4.3 bp | +29.1 bp | Compare | |
| United Kingdom 10Y | 22.8 bp | +10.1 bp | +75.6 bp | Compare | |
| Spain 10Y | -2.5 bp | -9.4 bp | +9.8 bp | Compare | |
| China 10Y | -27.0 bp | +37.8 bp | +218.0 bp | Compare | |
| United States 10Y | -60.3 bp | +2.7 bp | +49.6 bp | Compare | |
| Canada 10Y | -80.2 bp | -10.3 bp | +28.0 bp | Compare | |
| Italy 10Y | -103.8 bp | -25.6 bp | -31.1 bp | Compare | |
| Australia 10Y | -117.7 bp | -4.5 bp | +2.3 bp | Compare | |
| India 10Y | -491.3 bp | +26.9 bp | +115.5 bp | Compare | |
| Russia 10Y | -617.9 bp | +122.9 bp | +184.7 bp | Compare | |
| Brazil 10Y | -1013.7 bp | +14.6 bp | -29.0 bp | Compare |
Portugal 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% | ||||
| 30 years | 3.189% | 38.99 | 58.12 | 96.38 | 134.64 | 172.90 | 211.17 | ||
| 20 years | 2.954% | 55.86 | 70.81 | 100.69 | 130.57 | 160.45 | 190.33 | ||
| 15 years | 2.707% | 66.99 | 79.18 | 103.57 | 127.96 | 152.35 | 176.74 | ||
| 10 years | 2.531% | 77.88 | 86.62 | 104.10 | 121.57 | 139.05 | 156.53 | ||
| 9 years | 2.408% | 80.72 | 88.73 | 104.74 | 120.75 | 136.76 | 152.77 | ||
| 8 years | 2.277% | 83.52 | 90.76 | 105.23 | 119.71 | 134.19 | 148.67 | ||
| 7 years | 2.023% | 86.92 | 93.39 | 106.32 | 119.25 | 132.18 | 145.12 | ||
| 6 years | 1.898% | 89.33 | 94.95 | 106.19 | 117.44 | 128.68 | 139.92 | ||
| 5 years | 1.854% | 91.22 | 95.96 | 105.42 | 114.89 | 124.36 | 133.83 | ||
| 4 years | 1.641% | 93.70 | 97.54 | 105.22 | 112.90 | 120.58 | 128.27 | ||
| 3 years | 1.484% | 95.68 | 98.59 | 104.42 | 110.24 | 116.07 | 121.89 | ||
| 2 years | 1.081% | 97.87 | 99.84 | 103.78 | 107.71 | 111.65 | 115.58 | ||
| 1 year | 0.050% | 99.95 | 100.95 | 102.95 | 104.95 | 106.95 | 108.95 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||