Venezuela Government Bonds - Yields Curve

COUNTRY • SUMMARY
VENEZUELA
Last Update: 18 Jul 2019 12:15 GMT+0

The Venezuela 10Y Government Bond has an estimated 46.582% yield. Its value is not derived from the market, but it's calculated according to the yields of other available durations.

Central Bank Rate is 58.59% (last modification in March 2024).

The Venezuela credit rating is N/A, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 72,150.20 and implied probability of default is 100.00%.

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Venezuela Yield Curve

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Residual
Maturity
Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
2 years 92,571.430% +9247943.0 bp +9247943.0 bp 0.00 -100.00 % -100.00 % 01 Jan
5 years 81.706% 0.0 bp 0.0 bp 5.05 0.00 % 0.00 % 01 Jan
15 years 11.458% 0.0 bp 0.0 bp 19.65 0.00 % 0.00 % 01 Jan
20 years 7.894% 0.0 bp 0.0 bp 21.88 0.00 % 0.00 % 01 Jan
Last Update: 18 Jul 2019 12:15 GMT+0

Venezuela Yield 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 (58.59%)
2 years
5 years 81.706% 2311.6 bp
2 years 92,571.430%
9251284.0 bp

Focusing on 2 years Government Bond:

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5Y vs 2Y -9248972.4 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities

Venezuela 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 Venezuela Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's N/A -
Moody's Investors Service C -
Fitch Ratings RD -
DBRS - -

Venezuela 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 58.59%

Venezuela 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 72,150.20 0.00 % 0.00 % 0.00 % 100.00 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Venezuela 10Y Bond Yield Spread

The Venezuela 10Y Government Bond has an estimated 46.582% yield.

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 "Compare" button, for a report with the full comparison between the two countries, with all the available data.
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Venezuela 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 4574.1 bp -7.1 bp -8.3 bp
vs China 10Y 4429.1 bp +6.3 bp +42.9 bp
vs Germany 10Y 4422.2 bp +7.4 bp +36.4 bp
vs France 10Y 4371.8 bp +2.1 bp +44.8 bp
vs Spain 10Y 4338.4 bp +3.6 bp +67.8 bp
vs Canada 10Y 4290.2 bp -12.1 bp +33.0 bp
vs Italy 10Y 4285.3 bp -0.4 bp +108.3 bp
vs United Kingdom 10Y 4241.5 bp -3.1 bp +21.4 bp
vs Australia 10Y 4232.3 bp -11.2 bp +17.6 bp
vs United States 10Y 4206.5 bp -22.5 bp +9.9 bp
vs India 10Y 3940.3 bp -13.8 bp +14.1 bp
vs Brazil 10Y 3520.4 bp -62.8 bp +44.3 bp
vs Russia 10Y 3225.2 bp -90.0 bp -211.0 bp

Venezuela 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%
20 years 7.894% 21.88 31.78 51.57 71.36 91.15 110.95
15 years 11.458% 19.65 26.66 40.69 54.71 68.74 82.76
5 years 81.706% 5.05 6.21 8.53 10.86 13.18 15.51
2 years 92,571.430% 0.00 0.00 0.00 0.01 0.01 0.01
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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