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).
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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

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.
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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.
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 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

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