COUNTRY •
SPAIN
Last Update: 9 Feb 2023 0:23 GMT+0
The Spain 10Y Government Bond has a 3.370% yield.
10 Years vs 2 Years bond spread is 43.3 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.00% (last modification in February 2023).
The Spain credit rating is A, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 45.17 and implied probability of default is 0.75%.
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 | 0.010% | -147.0 bp | -3.0 bp | 09 Feb | |||||
| 3 months | 2.382% | +36.4 bp | +228.2 bp | 09 Feb | |||||
| 6 months | 2.664% | +16.9 bp | +234.1 bp | 09 Feb | |||||
| 9 months | 2.909% | +12.8 bp | +223.1 bp | 09 Feb | |||||
| 1 year | 2.951% | +2.1 bp | +224.9 bp | 97.13 | -0.02 % | -2.19 % | 09 Feb | ||
| 2 years | 2.937% | +7.8 bp | +217.3 bp | 94.38 | -0.15 % | -4.17 % | 09 Feb | ||
| 3 years | 2.952% | +16.1 bp | +200.8 bp | 91.64 | -0.47 % | -5.74 % | 09 Feb | ||
| 4 years | 2.956% | +11.2 bp | +184.2 bp | 89.00 | -0.44 % | -6.97 % | 09 Feb | ||
| 5 years | 3.005% | +12.2 bp | +173.3 bp | 86.24 | -0.59 % | -8.14 % | 09 Feb | ||
| 6 years | 3.048% | +12.5 bp | +163.0 bp | 83.51 | -0.74 % | -9.13 % | 09 Feb | ||
| 7 years | 3.091% | +13.5 bp | +147.7 bp | 80.81 | -0.91 % | -9.61 % | 09 Feb | ||
| 8 years | 3.244% | +20.4 bp | +150.5 bp | 77.46 | -1.58 % | -11.09 % | 09 Feb | ||
| 9 years | 3.305% | +14.6 bp | +142.0 bp | 74.63 | -1.27 % | -11.71 % | 09 Feb | ||
| 10 years | 3.370% | +9.0 bp | +130.7 bp | 71.79 | -0.87 % | -11.95 % | 09 Feb | ||
| 15 years | 3.642% | +3.9 bp | +122.9 bp | 58.47 | -0.58 % | -16.39 % | 09 Feb | ||
| 20 years | 3.655% | +6.7 bp | +121.7 bp | 48.77 | -1.30 % | -21.05 % | 09 Feb | ||
| 25 years | 3.638% | +6.5 bp | +118.9 bp | 40.93 | -1.56 % | -25.05 % | 09 Feb | ||
| 30 years | 3.766% | +4.3 bp | +118.9 bp | 32.99 | -1.23 % | -29.22 % | 09 Feb | ||
Last Update: 9 Feb 2023 0:23 GMT+0
Spain 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 (3.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.766% | 76.6 bp | ||||||
| 10 years | 3.370% | 37.0 bp | ||||||
| 5 years | 3.005% | 0.5 bp | ||||||
| 2 years | 2.937% | -6.3 bp | ||||||
| 1 year | 2.951% | -4.9 bp | ||||||
| 3 months | 2.382% | -61.8 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | -1.4 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 6.8 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 43.3 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Spain 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
Spain Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
A
|
- |
| Moody's Investors Service |
Baa1
|
- |
| Fitch Ratings |
A-
|
- |
| DBRS |
A
|
- |
Spain 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 | 3.00% |
Spain 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 | 45.17 | -0.37 % | -14.50 % | +14.07 % | 0.75 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Spain 10Y Bond Yield Spread
The Spain 10Y Government Bond has a 3.370% 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
| Spain 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 288.2 bp | +10.0 bp | +98.7 bp | Compare | |
| Germany 10Y | 100.8 bp | -3.9 bp | -13.5 bp | Compare | |
| France 10Y | 56.4 bp | +2.0 bp | -2.2 bp | Compare | |
| China 10Y | 45.1 bp | +7.6 bp | +113.6 bp | Compare | |
| Canada 10Y | 33.4 bp | +15.9 bp | +98.2 bp | Compare | |
| United Kingdom 10Y | 3.5 bp | +28.7 bp | -3.7 bp | Compare | |
| United States 10Y | -22.8 bp | +2.0 bp | +49.5 bp | Compare | |
| Australia 10Y | -23.7 bp | +18.4 bp | +92.6 bp | Compare | |
| Italy 10Y | -83.9 bp | +7.4 bp | +17.6 bp | Compare | |
| India 10Y | -397.4 bp | +8.8 bp | +131.1 bp | Compare | |
| Russia 10Y | -731.0 bp | -25.0 bp | -32.3 bp | Compare | |
| Brazil 10Y | -993.6 bp | -21.4 bp | +14.0 bp | Compare |
Spain 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 | 3.766% | 32.99 | 50.78 | 86.37 | 121.96 | 157.55 | 193.13 | ||
| 25 years | 3.638% | 40.93 | 57.17 | 89.64 | 122.12 | 154.59 | 187.06 | ||
| 20 years | 3.655% | 48.77 | 62.79 | 90.82 | 118.85 | 146.88 | 174.91 | ||
| 15 years | 3.642% | 58.47 | 69.88 | 92.68 | 115.48 | 138.29 | 161.09 | ||
| 10 years | 3.370% | 71.79 | 80.16 | 96.90 | 113.65 | 130.39 | 147.13 | ||
| 9 years | 3.305% | 74.63 | 82.31 | 97.66 | 113.01 | 128.36 | 143.72 | ||
| 8 years | 3.244% | 77.46 | 84.41 | 98.30 | 112.20 | 126.10 | 139.99 | ||
| 7 years | 3.091% | 80.81 | 87.02 | 99.43 | 111.85 | 124.27 | 136.69 | ||
| 6 years | 3.048% | 83.51 | 88.92 | 99.74 | 110.56 | 121.37 | 132.19 | ||
| 5 years | 3.005% | 86.24 | 90.82 | 99.98 | 109.14 | 118.29 | 127.45 | ||
| 4 years | 2.956% | 89.00 | 92.72 | 100.16 | 107.61 | 115.05 | 122.49 | ||
| 3 years | 2.952% | 91.64 | 94.47 | 100.14 | 105.80 | 111.46 | 117.12 | ||
| 2 years | 2.937% | 94.38 | 96.29 | 100.12 | 103.95 | 107.78 | 111.61 | ||
| 1 year | 2.951% | 97.13 | 98.10 | 100.05 | 101.99 | 103.93 | 105.88 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||