The Bulgaria 10Y Government Bond has a 4.041% yield.
10 Years vs 2 Years bond spread is 98.5 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.79% (last modification in April 2024).
The Bulgaria credit rating is BBB, according to Standard & Poor's agency.
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Bulgaria Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 3.770% | +7.0 bp | -2.0 bp | 26 Apr | |||||
| 1 year | 3.130% | -3.9 bp | +20.3 bp | 96.96 | +0.03 % | -0.21 % | 26 Apr | ||
| 2 years | 3.056% | -22.4 bp | -2.0 bp | 94.16 | +0.44 % | +0.04 % | 26 Apr | ||
| 3 years | 3.096% | -18.3 bp | -3.0 bp | 91.26 | +0.54 % | +0.09 % | 26 Apr | ||
| 4 years | 3.125% | -15.4 bp | -15.3 bp | 88.42 | +0.60 % | +0.59 % | 26 Apr | ||
| 5 years | 3.175% | -40.7 bp | -40.8 bp | 85.53 | +1.99 % | +1.99 % | 26 Apr | ||
| 7 years | 3.500% | -65.0 bp | -49.9 bp | 78.60 | +4.48 % | +3.42 % | 25 Apr | ||
| 10 years | 4.041% | -25.6 bp | -25.5 bp | 67.29 | +2.48 % | +2.48 % | 26 Apr | ||
| Last Update: 27 Apr 2024 2:15 GMT+0 | |||||||||
Bulgaria 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).
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (3.79%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 4.041% | 25.1 bp | ||||
| 5 years | 3.175% | -61.5 bp | ||||
| 2 years | 3.056% | -73.4 bp | ||||
| 1 year | 3.130% | -66.0 bp | ||||
Focusing on 2 years Government Bond:
| 2Y vs 1Y | -7.4 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 11.9 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 98.5 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Bulgaria 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 Bulgaria Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's | BBB | positive |
| Moody's Investors Service | Baa1 | - |
| Fitch Ratings | BBB | positive |
| DBRS | - | - |
Bulgaria 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 | 3.79% |
Bulgaria 10Y Bond Yield Spread
The Bulgaria 10Y Government Bond has a 4.041% yield.
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.
| Bulgaria 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 315.9 bp | -42.7 bp | -26.3 bp | ||
| vs China 10Y | 183.6 bp | -14.9 bp | +27.5 bp | ||
| vs Germany 10Y | 146.3 bp | -54.4 bp | -1.9 bp | ||
| vs France 10Y | 97.2 bp | -53.6 bp | +11.6 bp | ||
| vs Spain 10Y | 67.0 bp | -49.5 bp | +28.3 bp | ||
| vs Canada 10Y | 19.0 bp | -63.9 bp | -9.1 bp | ||
| vs Italy 10Y | 15.1 bp | -53.1 bp | +69.4 bp | ||
| vs United Kingdom 10Y | -28.7 bp | -65.2 bp | -2.1 bp | ||
| vs Australia 10Y | -49.9 bp | -80.4 bp | +1.8 bp | ||
| vs United States 10Y | -62.2 bp | -73.1 bp | -8.0 bp | ||
| vs India 10Y | -315.8 bp | -38.3 bp | -10.3 bp | ||
| vs Brazil 10Y | -754.6 bp | -92.1 bp | -35.4 bp | ||
| vs Russia 10Y | -1038.9 bp | -92.6 bp | -219.5 bp |
Bulgaria Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates.
Click on for a forecast of the yield.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 4.041% | 67.29 | 75.39 | 91.57 | 107.76 | 123.95 | 140.14 | ||
| 7 years | 3.500% | 78.60 | 84.71 | 96.94 | 109.17 | 121.40 | 133.63 | ||
| 5 years | 3.175% | 85.53 | 90.09 | 99.20 | 108.32 | 117.43 | 126.54 | ||
| 4 years | 3.125% | 88.42 | 92.12 | 99.54 | 106.95 | 114.36 | 121.77 | ||
| 3 years | 3.096% | 91.26 | 94.08 | 99.73 | 105.38 | 111.02 | 116.67 | ||
| 2 years | 3.056% | 94.16 | 96.07 | 99.89 | 103.72 | 107.54 | 111.36 | ||
| 1 year | 3.130% | 96.96 | 97.93 | 99.87 | 101.81 | 103.75 | 105.69 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
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