Colombia Government Bonds - Yields Curve

COUNTRY • SUMMARY
COLOMBIA
Last Update: 14 Jul 2024 2:15 GMT+0

The Colombia 10-Year Government Bond currently offers a yield of 10.490%. This yield reflects the return investors can expect if they hold the bond until maturity. Government bond yields are critical indicators of economic confidence and investor sentiment.

The spread between Colombia 10-Year and 2-Year government bonds is 209.2 basis points (bp). This spread is a measure of the difference in yields between long-term and short-term government debt. Long-term yields should be greater than short-term ones.
Current analysis: Normal Convexity in Long-Term vs Short-Term Maturities.

Colombia Central Bank Rate stands at 11.25%, following the most recent adjustment in June 2024.

According to Standard & Poor's agency, the Colombia credit rating is BB+.

The current quotation for Colombia 5-Years Credit Default Swap is 149.16 basis points. Correspondingly, the implied probability of default is 2.49%.

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Colombia Yield Curve

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
2 years 8.398% -241.2 bp -241.2 bp 85.11 +4.51 % +4.51 % 13 Jul
4 years 9.707% -33.9 bp +66.7 bp 69.03 +1.23 % -2.42 % 13 Jul
5 years 9.810% -32.0 bp +76.8 bp 62.63 +1.46 % -3.45 % 13 Jul
10 years 10.490% -30.9 bp +101.0 bp 36.88 +2.84 % -8.78 % 13 Jul
15 years 11.059% -14.1 bp +124.9 bp 20.73 +1.92 % -15.63 % 13 Jul
Last Update: 14 Jul 2024 2:15 GMT+0

Colombia 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).

If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (11.25%)
2 years 5 years
10 years 10.490% -76.0 bp
5 years 9.810%
-144.0 bp
2 years 8.398%
-285.2 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
5Y vs 2Y 141.2 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 209.2 bp Normal Convexity in Long-Term vs Short-Term Maturities

Colombia 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 Colombia Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's BB+ negative
Moody's Investors Service Baa2 negative
Fitch Ratings BB+ -
DBRS BBB (low) -

Colombia 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 11.25%

Colombia 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.

If data are not all visible, swipe table left
Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 149.16 +2.36 % +31.78 % +63.91 % 2.49 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
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Colombia 10Y Bond Yield Spread

The Colombia 10Y Government Bond has a 10.490% 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 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
Colombia 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 943.9 bp -44.0 bp +53.8 bp
vs China 10Y 822.6 bp -27.1 bp +127.0 bp
vs Germany 10Y 800.0 bp -44.3 bp +67.3 bp
vs France 10Y 734.2 bp -29.3 bp +54.4 bp
vs Spain 10Y 721.6 bp -23.2 bp +83.5 bp
vs Canada 10Y 705.0 bp -43.9 bp +81.4 bp
vs Italy 10Y 668.8 bp -17.1 bp +95.5 bp
vs United Kingdom 10Y 637.4 bp -38.0 bp +69.4 bp
vs United States 10Y 624.5 bp -33.9 bp +70.4 bp
vs Australia 10Y 614.6 bp -51.6 bp +74.4 bp
vs India 10Y 350.4 bp -31.1 bp +120.2 bp
vs Brazil 10Y -119.0 bp +2.1 bp -16.8 bp
vs Russia 10Y -495.5 bp -62.4 bp -173.5 bp

Colombia 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%
15 years 11.059% 20.73 27.90 42.24 56.57 70.91 85.24
10 years 10.490% 36.88 42.90 54.93 66.96 79.00 91.03
5 years 9.810% 62.63 66.44 74.06 81.68 89.30 96.91
4 years 9.707% 69.03 72.22 78.60 84.98 91.36 97.74
2 years 8.398% 85.11 86.88 90.43 93.97 97.52 101.07
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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