The Bulgaria 10Y Government Bond has a 4.296% yield.
10 Years vs 2 Years bond spread is 121.9 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.64% (last modification in November 2023).
The Bulgaria credit rating is BBB, according to Standard & Poor's agency.
Bulgaria Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 3.790% | 0.0 bp | +68.0 bp | 28 Nov | |||||
| 1 year | 2.931% | +0.4 bp | +105.0 bp | 97.15 | -0.01 % | -1.02 % | 27 Nov | ||
| 2 years | 3.077% | +0.1 bp | +61.0 bp | 94.12 | 0.00 % | -1.18 % | 27 Nov | ||
| 3 years | 3.126% | 0.0 bp | +25.4 bp | 91.18 | 0.00 % | -0.74 % | 27 Nov | ||
| 4 years | 3.278% | 0.0 bp | +35.6 bp | 87.90 | 0.00 % | -1.37 % | 27 Nov | ||
| 5 years | 3.583% | 0.0 bp | +40.7 bp | 83.86 | 0.00 % | -1.95 % | 27 Nov | ||
| 7 years | 4.000% | 0.0 bp | 0.0 bp | 75.99 | 0.00 % | 0.00 % | 27 Nov | ||
| 10 years | 4.296% | 0.0 bp | -0.1 bp | 65.66 | 0.00 % | 0.00 % | 27 Nov | ||
| Last Update: 28 Nov 2023 0:15 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 (3.64%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 4.296% | 65.6 bp | ||||
| 5 years | 3.583% | -5.7 bp | ||||
| 2 years | 3.077% | -56.3 bp | ||||
| 1 year | 2.931% | -70.9 bp | ||||
Focusing on 2 years Government Bond:
| 2Y vs 1Y | 14.6 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 50.6 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 121.9 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 | 3.64% |
Bulgaria 10Y Bond Yield Spread
The Bulgaria 10Y Government Bond has a 4.296% 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 | 354.3 bp | +12.1 bp | -33.9 bp | ||
| vs Germany 10Y | 179.1 bp | +30.9 bp | +2.9 bp | ||
| vs China 10Y | 159.1 bp | +3.0 bp | +2.8 bp | ||
| vs France 10Y | 122.4 bp | +36.8 bp | +2.6 bp | ||
| vs Spain 10Y | 78.7 bp | +40.0 bp | +6.6 bp | ||
| vs Canada 10Y | 64.8 bp | +37.0 bp | -29.0 bp | ||
| vs United Kingdom 10Y | 7.4 bp | +34.0 bp | +10.5 bp | ||
| vs Italy 10Y | 3.1 bp | +57.4 bp | +10.3 bp | ||
| vs United States 10Y | -6.9 bp | +48.0 bp | -55.4 bp | ||
| vs Australia 10Y | -16.9 bp | +35.2 bp | -74.2 bp | ||
| vs India 10Y | -297.7 bp | +7.8 bp | -27.1 bp | ||
| vs Brazil 10Y | -667.6 bp | +74.9 bp | +64.3 bp | ||
| vs Russia 10Y | -777.4 bp | +42.0 bp | -137.1 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 | 4.296% | 65.66 | 73.66 | 89.64 | 105.63 | 121.61 | 137.60 | ||
| 7 years | 4.000% | 75.99 | 81.99 | 94.00 | 106.00 | 118.01 | 130.01 | ||
| 5 years | 3.583% | 83.86 | 88.36 | 97.37 | 106.38 | 115.39 | 124.40 | ||
| 4 years | 3.278% | 87.90 | 91.59 | 98.97 | 106.36 | 113.74 | 121.13 | ||
| 3 years | 3.126% | 91.18 | 94.00 | 99.64 | 105.29 | 110.93 | 116.58 | ||
| 2 years | 3.077% | 94.12 | 96.03 | 99.85 | 103.68 | 107.50 | 111.32 | ||
| 1 year | 2.931% | 97.15 | 98.12 | 100.07 | 102.01 | 103.95 | 105.90 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
