Iceland Government Bonds - Yields Curve

COUNTRY • SUMMARY
ICELAND
Last Update: 20 May 2024 11:15 GMT+0

The Iceland 10Y Government Bond has a 7.019% yield.

10 Years vs 2 Years bond spread is -196 bp.
Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Central Bank Rate is 9.25% (last modification in August 2023).

The Iceland credit rating is A+, according to Standard & Poor's agency.

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Iceland 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 8.979% -10.6 bp -7.0 bp 84.20 +0.19 % +0.13 % 20 May
5 years 7.460% -23.6 bp -17.6 bp 69.79 +1.12 % +0.82 % 20 May
10 years 7.019% -24.3 bp -40.3 bp 50.74 +2.28 % +3.83 % 20 May
Last Update: 20 May 2024 11:15 GMT+0

Iceland 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).

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Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (9.25%)
2 years 5 years
10 years 7.019% -223.1 bp
5 years 7.460%
-179.0 bp
2 years 8.979%
-27.1 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
5Y vs 2Y -151.9 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -196 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

Iceland 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 Iceland Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's A+ -
Moody's Investors Service A2 positive
Fitch Ratings A -
DBRS - -

Iceland 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 9.25%

Iceland 10Y Bond Yield Spread

The Iceland 10Y Government Bond has a 7.019% 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
Iceland 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 605.0 bp -36.9 bp -62.6 bp
vs China 10Y 469.8 bp -29.8 bp -5.0 bp
vs Germany 10Y 450.2 bp -25.7 bp -30.9 bp
vs France 10Y 400.8 bp -23.5 bp -24.7 bp
vs Spain 10Y 374.9 bp -19.6 bp -9.4 bp
vs Canada 10Y 336.4 bp -12.5 bp -36.6 bp
vs Italy 10Y 321.1 bp -14.2 bp +13.2 bp
vs United Kingdom 10Y 284.1 bp -19.0 bp -44.8 bp
vs Australia 10Y 274.0 bp -17.6 bp -19.2 bp
vs United States 10Y 260.1 bp -3.8 bp -39.4 bp
vs India 10Y -7.6 bp -11.3 bp -24.6 bp
vs Brazil 10Y -462.8 bp -48.2 bp -100.8 bp
vs Russia 10Y -806.6 bp -136.8 bp -348.3 bp

Iceland 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%
10 years 7.019% 50.74 57.76 71.80 85.83 99.87 113.90
5 years 7.460% 69.79 73.84 81.94 90.04 98.14 106.24
2 years 8.979% 84.20 85.96 89.48 93.00 96.52 100.04
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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