Venezuela Government Bonds - Yields Curve

COUNTRY • SUMMARY
VENEZUELA

The Venezuela 10-Year 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. Government bond yields are critical indicators of economic confidence and investor sentiment.

Venezuela Central Bank Rate stands at 59.30%, following the most recent adjustment in December 2024.

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

The current quotation for Venezuela 5-Years Credit Default Swap is 72,150.20 basis points. Correspondingly, the implied probability of default is 100.00%.

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Venezuela Yield Curve

A Yield Curve is a graph that shows the relationship between interest rates (or yields) and different maturities of debt for a specific borrower, often government bonds. It typically plots yields on the y-axis and maturities on the x-axis, ranging from short-term to long-term bonds.

The shape of the yield curve gives investors insights into market expectations for interest rates, economic growth, and inflation. A normal yield curve, where long-term rates are higher than short-term, suggests economic growth, while an inverted curve, where short-term rates are higher, can indicate an upcoming recession.

Venezuela Yield Curve
Venezuela Government Bonds
18 July 2019

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Residual
Maturity
Annualized Yield Constant Maturity Zero Coupon Price Capital
Growth
of 1 Unit
Last
Update
Last Chg 1M Chg 6M Chg 12M Last Chg 1M Chg 6M Chg 12M
2 years 92,571.430% +9247943.0 bp +9247943.0 bp +9256843.0 bp 0.00 -100.00 % -100.00 % -100.00 % 858,799.393 01 Jan
5 years 81.706% 0.0 bp -102.7 bp +1887.2 bp 5.05 0.00 % +2.85 % -42.22 % 19.808 01 Jan
15 years 11.458% 0.0 bp 0.0 bp +88.7 bp 19.65 0.00 % 0.00 % -11.29 % 5.089 01 Jan
20 years 7.894% 0.0 bp -8.3 bp -14.9 bp 21.88 0.00 % +1.53 % +2.82 % 4.570 01 Jan
Last Update: 18 Jul 2019, 12:15 GMT+0

Venezuela Yield History

This table presents the historical values of the yield curve, with data points collected at the end of each year.

By analyzing these values over time, one can observe trends and shifts in economic sentiment and monetary policy that impact investor expectations about future interest rates and economic growth.

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Government Bonds Yield (%)
Spread (bp)
Period 1M 3M 6M 1Y 2Y 3Y 5Y 7Y 10Y 30Y 10Y - 2Y
Jul 2019 n.a. n.a. n.a. n.a. 92571.430 n.a. 81.706 n.a. n.a. n.a. n.a.
Dec 2018 n.a. n.a. n.a. n.a. 92571.430 n.a. 95.001 n.a. n.a. n.a. n.a.
Dec 2017 n.a. n.a. n.a. n.a. 223.206 n.a. 74.473 n.a. n.a. n.a. n.a.
Dec 2016 n.a. n.a. n.a. 49.895 n.a. n.a. 29.242 n.a. n.a. n.a. n.a.
Dec 2015 n.a. n.a. n.a. 49.895 n.a. n.a. 32.247 n.a. n.a. n.a. n.a.

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).

Internal Spread on Key Maturities:
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5Y vs 2Y -9248972.4 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
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Residual
Maturity
Yield Spread vs Spread vs
Central Bank
Rate (59.30%)
2 years
5 years 81.706% 2240.6bp
2 years 92,571.430%
9251213.0bp

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).

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's N/A - 21 Sep 2021 rating downgrade
Moody's Investors Service C - 20 Sep 2021 rating upgrade
Fitch Ratings RD - 14 Nov 2017 rating downgrade
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 59.30%

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.
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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 Chg 12M Compare
Countries
vs Germany 10Y 4689.8 bp -0.4 bp +6.2 bp +1053.9 bp
vs Japan 10Y 4671.5 bp -0.1 bp -37.0 bp +1005.6 bp
vs France 10Y 4664.1 bp +7.3 bp +20.8 bp +1057.2 bp
vs Spain 10Y 4615.5 bp -2.9 bp +41.8 bp +1074.2 bp
vs United Kingdom 10Y 4581.8 bp +4.4 bp +6.7 bp +1033.8 bp
vs Australia 10Y 4524.9 bp +2.0 bp +48.0 bp +1117.7 bp
vs Canada 10Y 4507.9 bp -7.8 bp +1.8 bp +1052.3 bp
vs Italy 10Y 4502.1 bp +56.0 bp +67.4 bp +1083.1 bp
vs United States 10Y 4455.3 bp +3.1 bp +24.3 bp +1072.7 bp
vs China 10Y 4339.1 bp +6.8 bp -58.7 bp +1018.7 bp
vs India 10Y 4019.5 bp +42.1 bp +69.5 bp +1124.4 bp
vs Brazil 10Y 3927.2 bp +59.0 bp +131.6 bp +1386.9 bp
vs Russia 10Y 3918.2 bp +16.0 bp +34.6 bp +1015.9 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.
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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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