COUNTRY •
VIETNAM
Last Update: 28 Jun 2022 5:15 GMT+0
The Vietnam 10Y Government Bond has a 3.345% yield.
10 Years vs 2 Years bond spread is 120.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.00% (last modification in September 2020).
The Vietnam 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 | 1.857% | -23.0 bp | +124.2 bp | 98.18 | +0.22 % | -1.22 % | 28 Jun | ||
2 years | 2.144% | +0.6 bp | +148.6 bp | 95.85 | -0.01 % | -2.89 % | 28 Jun | ||
3 years | 2.330% | +9.8 bp | +161.1 bp | 93.32 | -0.29 % | -4.65 % | 28 Jun | ||
5 years | 2.503% | -5.9 bp | +169.1 bp | 88.37 | +0.28 % | -7.99 % | 28 Jun | ||
7 years | 3.085% | +9.2 bp | +180.5 bp | 80.84 | -0.63 % | -11.63 % | 28 Jun | ||
10 years | 3.345% | +9.8 bp | +126.5 bp | 71.96 | -0.95 % | -11.59 % | 28 Jun | ||
15 years | 3.527% | +11.9 bp | +114.4 bp | 59.46 | -1.70 % | -15.35 % | 28 Jun | ||
20 years | 3.605% | +13.9 bp | +86.4 bp | 49.25 | -2.65 % | -15.42 % | 28 Jun | ||
25 years | 3.694% | +19.1 bp | +69.9 bp | 40.38 | -4.49 % | -15.56 % | 28 Jun | ||
30 years | 3.734% | +19.1 bp | n.a. | 33.29 | -5.40 % | n.a. | 28 Jun |
Last Update: 28 Jun 2022 5:15 GMT+0
Vietnam 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 (4.00%) |
||||
---|---|---|---|---|---|---|---|
1 year | 2 years | 5 years | 10 years | ||||
30 years | 3.734% | -26.6 bp | |||||
10 years | 3.345% | -65.5 bp | |||||
5 years | 2.503% | -149.7 bp | |||||
2 years | 2.144% | -185.6 bp | |||||
1 year | 1.857% | -214.3 bp |
Focusing on 2 years Government Bond:
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2Y vs 1Y | 28.7 bp | Normal Convexity in Short-Term Maturities | ||
5Y vs 2Y | 35.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
10Y vs 2Y | 120.1 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Vietnam 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
Vietnam Credit Ratings History
Rating Agency | Rating | Outlook |
---|---|---|
Standard & Poor's |
BB+
|
- |
Moody's Investors Service |
Ba3
|
positive |
Fitch Ratings |
BB
|
positive |
DBRS |
-
|
- |
Vietnam 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 | 4.00% |
Vietnam 10Y Bond Yield Spread
The Vietnam 10Y Government Bond has a 3.345% 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
Vietnam 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
---|---|---|---|---|---|
Japan 10Y | 311.6 bp | +9.2 bp | +109.5 bp | Compare | |
Germany 10Y | 180.2 bp | -46.9 bp | -51.4 bp | Compare | |
France 10Y | 127.0 bp | -48.3 bp | -67.9 bp | Compare | |
United Kingdom 10Y | 95.8 bp | -36.5 bp | -19.9 bp | Compare | |
Spain 10Y | 65.8 bp | -50.1 bp | -91.2 bp | Compare | |
China 10Y | 49.3 bp | -0.4 bp | +123.3 bp | Compare | |
United States 10Y | 16.4 bp | -34.0 bp | -43.2 bp | Compare | |
Canada 10Y | -3.6 bp | -49.3 bp | -64.0 bp | Compare | |
Italy 10Y | -27.4 bp | -62.5 bp | -125.9 bp | Compare | |
Australia 10Y | -39.7 bp | -39.5 bp | -89.0 bp | Compare | |
India 10Y | -410.2 bp | +0.1 bp | +29.6 bp | Compare | |
Russia 10Y | -531.5 bp | +94.8 bp | +102.0 bp | Compare | |
Brazil 10Y | -943.7 bp | -25.1 bp | -81.0 bp | Compare |
Vietnam 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 | 3.734% | 33.29 | 51.16 | 86.89 | 122.62 | 158.35 | 194.07 | ||
25 years | 3.694% | 40.38 | 56.52 | 88.80 | 121.08 | 153.36 | 185.64 | ||
20 years | 3.605% | 49.25 | 63.33 | 91.48 | 119.64 | 147.80 | 175.95 | ||
15 years | 3.527% | 59.46 | 70.95 | 93.94 | 116.93 | 139.92 | 162.91 | ||
10 years | 3.345% | 71.96 | 80.34 | 97.11 | 113.87 | 130.64 | 147.40 | ||
7 years | 3.085% | 80.84 | 87.05 | 99.47 | 111.89 | 124.31 | 136.73 | ||
5 years | 2.503% | 88.37 | 93.02 | 102.31 | 111.60 | 120.89 | 130.18 | ||
3 years | 2.330% | 93.32 | 96.19 | 101.92 | 107.65 | 113.38 | 119.11 | ||
2 years | 2.144% | 95.85 | 97.78 | 101.66 | 105.53 | 109.41 | 113.28 | ||
1 year | 1.857% | 98.18 | 99.16 | 101.12 | 103.09 | 105.05 | 107.01 | ||
Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |