COUNTRY •
SERBIA
Last Update: 2 Oct 2023 2:15 GMT+0
The Serbia 10Y Government Bond has a 6.193% yield.
10 Years vs 2 Years bond spread is 130.3 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 6.50% (last modification in July 2023).
The Serbia credit rating is BB+, according to Standard & Poor's agency.
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 year | 5.586% | +0.2 bp | +25.8 bp | 94.71 | 0.00 % | -0.24 % | 30 Sep | ||
2 years | 4.890% | -1.0 bp | -61.0 bp | 90.89 | +0.01 % | +1.16 % | 30 Sep | ||
3 years | 5.300% | 0.0 bp | -50.0 bp | 85.65 | 0.00 % | +1.43 % | 30 Sep | ||
5 years | 5.240% | -4.0 bp | -38.0 bp | 77.46 | +0.18 % | +1.81 % | 29 Sep | ||
10 years | 6.193% | +10.3 bp | -72.3 bp | 54.83 | -0.98 % | +7.01 % | 30 Sep |
Last Update: 2 Oct 2023 2:15 GMT+0
Serbia 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 (6.50%) |
|||
---|---|---|---|---|---|---|
1 year | 2 years | 5 years | ||||
10 years | 6.193% | -30.7 bp | ||||
5 years | 5.240% | -126.0 bp | ||||
2 years | 4.890% | -161.0 bp | ||||
1 year | 5.586% | -91.4 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | -69.6 bp | Yield Curve is inverted in Short-Term Maturities | ||
5Y vs 2Y | 35 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 130.3 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Serbia 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
Serbia Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
BB+
|
- |
Moody's Investors Service |
Ba2
|
- |
Fitch Ratings |
BB+
|
- |
DBRS |
-
|
- |
Serbia 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 | 6.50% |
Serbia 10Y Bond Yield Spread
The Serbia 10Y Government Bond has a 6.193% 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
Serbia 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 542.7 bp | -4.2 bp | -116.0 bp | Compare | |
China 10Y | 348.7 bp | +2.0 bp | -55.5 bp | Compare | |
Germany 10Y | 333.9 bp | -21.1 bp | -129.1 bp | Compare | |
France 10Y | 277.7 bp | -23.7 bp | -135.5 bp | Compare | |
Spain 10Y | 224.0 bp | -28.6 bp | -138.1 bp | Compare | |
Canada 10Y | 212.4 bp | -36.8 bp | -187.5 bp | Compare | |
United Kingdom 10Y | 175.3 bp | +6.5 bp | -169.8 bp | Compare | |
Australia 10Y | 169.5 bp | -35.3 bp | -198.4 bp | Compare | |
United States 10Y | 157.8 bp | -33.1 bp | -186.5 bp | Compare | |
Italy 10Y | 143.2 bp | -42.7 bp | -140.7 bp | Compare | |
India 10Y | -101.7 bp | +6.8 bp | -61.8 bp | Compare | |
Brazil 10Y | -551.8 bp | -45.6 bp | +46.6 bp | Compare | |
Russia 10Y | -670.7 bp | -72.7 bp | -332.3 bp | Compare |
Serbia 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 | 6.193% | 54.83 | 62.13 | 76.71 | 91.30 | 105.89 | 120.47 | ||
5 years | 5.240% | 77.46 | 81.76 | 90.37 | 98.97 | 107.57 | 116.17 | ||
3 years | 5.300% | 85.65 | 88.36 | 93.77 | 99.19 | 104.60 | 110.02 | ||
2 years | 4.890% | 90.89 | 92.76 | 96.48 | 100.20 | 103.93 | 107.65 | ||
1 year | 5.586% | 94.71 | 95.66 | 97.55 | 99.45 | 101.34 | 103.23 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |