COUNTRY •
SPAIN
Last Update: 28 Jun 2022 11:15 GMT+0
The Spain 10Y Government Bond has a 2.742% yield.
10 Years vs 2 Years bond spread is 151.5 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.00% (last modification in March 2016).
The Spain credit rating is A, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 58.50 and implied probability of default is 0.98%.
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 | -0.717% | -7.2 bp | +16.7 bp | 28 Jun | |||||
| 3 months | -0.402% | +5.6 bp | +33.2 bp | 28 Jun | |||||
| 6 months | 0.028% | +23.3 bp | +67.9 bp | 28 Jun | |||||
| 9 months | 0.411% | +28.6 bp | +101.1 bp | 28 Jun | |||||
| 1 year | 0.675% | +62.5 bp | +128.3 bp | 99.33 | -0.62 % | -1.27 % | 28 Jun | ||
| 2 years | 1.227% | +56.8 bp | +183.4 bp | 97.59 | -1.11 % | -3.60 % | 28 Jun | ||
| 3 years | 1.523% | +60.1 bp | +200.6 bp | 95.57 | -1.76 % | -5.81 % | 28 Jun | ||
| 4 years | 1.820% | +69.0 bp | +222.8 bp | 93.04 | -2.68 % | -8.47 % | 28 Jun | ||
| 5 years | 2.014% | +68.1 bp | +206.1 bp | 90.51 | -3.29 % | -9.71 % | 28 Jun | ||
| 6 years | 2.142% | +63.6 bp | +215.6 bp | 88.06 | -3.68 % | -12.01 % | 28 Jun | ||
| 7 years | 2.344% | +67.6 bp | +226.4 bp | 85.03 | -4.54 % | -14.49 % | 28 Jun | ||
| 8 years | 2.494% | +68.5 bp | +227.4 bp | 82.11 | -5.23 % | -16.44 % | 28 Jun | ||
| 9 years | 2.668% | +66.1 bp | +232.0 bp | 78.90 | -5.64 % | -18.59 % | 28 Jun | ||
| 10 years | 2.742% | +65.4 bp | +223.2 bp | 76.30 | -6.18 % | -19.72 % | 28 Jun | ||
| 15 years | 3.096% | +60.9 bp | +214.5 bp | 63.30 | -8.50 % | -27.04 % | 28 Jun | ||
| 20 years | 3.116% | +59.6 bp | +204.5 bp | 54.14 | -10.94 % | -33.00 % | 28 Jun | ||
| 25 years | 3.098% | +61.8 bp | +202.7 bp | 46.64 | -13.95 % | -39.13 % | 28 Jun | ||
| 30 years | 3.242% | +55.5 bp | +193.3 bp | 38.40 | -14.93 % | -43.28 % | 28 Jun | ||
Last Update: 28 Jun 2022 11:15 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 (0.00%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.242% | 324.2 bp | ||||||
| 10 years | 2.742% | 274.2 bp | ||||||
| 5 years | 2.014% | 201.4 bp | ||||||
| 2 years | 1.227% | 122.7 bp | ||||||
| 1 year | 0.675% | 67.5 bp | ||||||
| 3 months | -0.402% | -40.2 bp | ||||||
Focusing on 2 years Government Bond:
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| 2Y vs 1Y | 55.2 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 78.7 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 151.5 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 | 0.00% |
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 | 58.50 | +1.39 % | +10.38 % | +80.00 % | 0.98 % |
(*) 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 2.742% 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 | 251.2 bp | +64.7 bp | +206.1 bp | Compare | |
| Germany 10Y | 108.7 bp | -2.5 bp | +34.1 bp | Compare | |
| France 10Y | 55.1 bp | -4.3 bp | +17.2 bp | Compare | |
| United Kingdom 10Y | 25.5 bp | +9.1 bp | +66.8 bp | Compare | |
| China 10Y | -11.5 bp | +54.7 bp | +219.5 bp | Compare | |
| United States 10Y | -50.7 bp | +14.8 bp | +46.7 bp | Compare | |
| Canada 10Y | -71.6 bp | -1.4 bp | +25.0 bp | Compare | |
| Italy 10Y | -94.2 bp | -13.4 bp | -35.7 bp | Compare | |
| Australia 10Y | -107.7 bp | +8.4 bp | 0.0 bp | Compare | |
| India 10Y | -471.5 bp | +54.7 bp | +125.3 bp | Compare | |
| Russia 10Y | -587.8 bp | +154.4 bp | +202.7 bp | Compare | |
| Brazil 10Y | -1004.0 bp | +30.5 bp | +15.7 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 | 3.242% | 38.40 | 57.40 | 95.40 | 133.40 | 171.41 | 209.41 | ||
| 25 years | 3.098% | 46.64 | 63.86 | 98.31 | 132.76 | 167.21 | 201.66 | ||
| 20 years | 3.116% | 54.14 | 68.85 | 98.29 | 127.73 | 157.17 | 186.61 | ||
| 15 years | 3.096% | 63.30 | 75.15 | 98.86 | 122.57 | 146.28 | 169.99 | ||
| 10 years | 2.742% | 76.30 | 84.94 | 102.23 | 119.52 | 136.80 | 154.09 | ||
| 9 years | 2.668% | 78.90 | 86.81 | 102.63 | 118.44 | 134.26 | 150.07 | ||
| 8 years | 2.494% | 82.11 | 89.29 | 103.63 | 117.97 | 132.32 | 146.66 | ||
| 7 years | 2.344% | 85.03 | 91.42 | 104.19 | 116.96 | 129.74 | 142.51 | ||
| 6 years | 2.142% | 88.06 | 93.63 | 104.78 | 115.93 | 127.08 | 138.23 | ||
| 5 years | 2.014% | 90.51 | 95.22 | 104.65 | 114.07 | 123.49 | 132.91 | ||
| 4 years | 1.820% | 93.04 | 96.86 | 104.51 | 112.16 | 119.81 | 127.46 | ||
| 3 years | 1.523% | 95.57 | 98.48 | 104.30 | 110.12 | 115.94 | 121.76 | ||
| 2 years | 1.227% | 97.59 | 99.55 | 103.48 | 107.41 | 111.34 | 115.26 | ||
| 1 year | 0.675% | 99.33 | 100.32 | 102.31 | 104.30 | 106.28 | 108.27 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||