COUNTRY •
ROMANIA
Last Update: 20 Mar 2023 9:15 GMT+0
The Romania 10Y Government Bond has a 7.320% yield.
10 Years vs 2 Years bond spread is 78 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 7.00% (last modification in January 2023).
The Romania credit rating is BBB-, according to Standard & Poor's agency.
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Residual Maturity |
Yield | ZC Price | Last Change |
||||||
---|---|---|---|---|---|---|---|---|---|
Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
6 months | 6.290% | -73.0 bp | -122.4 bp | 20 Mar | |||||
1 year | 6.628% | -22.2 bp | -106.5 bp | 93.78 | +0.20 % | +0.99 % | 20 Mar | ||
2 years | 6.540% | -42.0 bp | -122.0 bp | 88.10 | +0.79 % | +2.30 % | 20 Mar | ||
3 years | 7.040% | -18.0 bp | -101.0 bp | 81.54 | +0.51 % | +2.86 % | 20 Mar | ||
4 years | 7.030% | -33.0 bp | -106.0 bp | 76.20 | +1.24 % | +4.01 % | 20 Mar | ||
5 years | 7.240% | -20.0 bp | -86.0 bp | 70.50 | +0.93 % | +4.07 % | 20 Mar | ||
7 years | 7.360% | -30.0 bp | -79.0 bp | 60.83 | +1.98 % | +5.28 % | 20 Mar | ||
10 years | 7.320% | -46.0 bp | -80.0 bp | 49.34 | +4.38 % | +7.71 % | 20 Mar |
Last Update: 20 Mar 2023 9:15 GMT+0
Romania 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 (7.00%) |
|||
---|---|---|---|---|---|---|
1 year | 2 years | 5 years | ||||
10 years | 7.320% | 32.0 bp | ||||
5 years | 7.240% | 24.0 bp | ||||
2 years | 6.540% | -46.0 bp | ||||
1 year | 6.628% | -37.2 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | -8.8 bp | Yield Curve is inverted in Short-Term Maturities | ||
5Y vs 2Y | 70 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 78 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Romania 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
Romania Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
BBB-
|
- |
Moody's Investors Service |
Baa3
|
- |
Fitch Ratings |
BBB-
|
negative |
DBRS |
-
|
- |
Romania 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 | 7.00% |
Romania 10Y Bond Yield Spread
The Romania 10Y Government Bond has a 7.320% 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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Romania 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 709.5 bp | -18.6 bp | -77.4 bp | Compare | |
Germany 10Y | 534.2 bp | +2.5 bp | -84.6 bp | Compare | |
France 10Y | 475.5 bp | -9.4 bp | -88.3 bp | Compare | |
Canada 10Y | 452.4 bp | +5.9 bp | -48.9 bp | Compare | |
China 10Y | 444.3 bp | -40.0 bp | -101.2 bp | Compare | |
Spain 10Y | 420.1 bp | -6.6 bp | -82.6 bp | Compare | |
Australia 10Y | 414.6 bp | +19.1 bp | -21.3 bp | Compare | |
United Kingdom 10Y | 413.2 bp | -17.2 bp | -67.4 bp | Compare | |
United States 10Y | 398.1 bp | +1.8 bp | -57.0 bp | Compare | |
Italy 10Y | 335.4 bp | -8.6 bp | -60.5 bp | Compare | |
India 10Y | -1.5 bp | -42.5 bp | -84.1 bp | Compare | |
Russia 10Y | -388.0 bp | -63.0 bp | -161.0 bp | Compare | |
Brazil 10Y | -578.4 bp | -36.8 bp | -191.4 bp | Compare |
Romania 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 | 7.320% | 49.34 | 56.26 | 70.10 | 83.94 | 97.79 | 111.63 | ||
7 years | 7.360% | 60.83 | 66.15 | 76.79 | 87.44 | 98.08 | 108.73 | ||
5 years | 7.240% | 70.50 | 74.58 | 82.73 | 90.87 | 99.02 | 107.17 | ||
4 years | 7.030% | 76.20 | 79.59 | 86.36 | 93.13 | 99.90 | 106.67 | ||
3 years | 7.040% | 81.54 | 84.16 | 89.41 | 94.65 | 99.90 | 105.14 | ||
2 years | 6.540% | 88.10 | 89.92 | 93.56 | 97.20 | 100.84 | 104.48 | ||
1 year | 6.628% | 93.78 | 94.72 | 96.60 | 98.47 | 100.35 | 102.22 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |