The Iceland 10Y Government Bond has a 7.334% yield.
10 Years vs 2 Years bond spread is -177 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.
Iceland Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 2 years | 9.104% | -56.7 bp | -3.1 bp | 84.01 | +1.05 % | +0.06 % | 28 Nov | ||
| 5 years | 7.619% | -35.8 bp | -101.6 bp | 69.27 | +1.67 % | +4.81 % | 28 Nov | ||
| 10 years | 7.334% | -26.6 bp | +68.0 bp | 49.28 | +2.52 % | -6.15 % | 28 Nov | ||
| Last Update: 28 Nov 2023 18:15 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).
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (9.25%) |
||
|---|---|---|---|---|---|
| 2 years | 5 years | ||||
| 10 years | 7.334% | -191.6 bp | |||
| 5 years | 7.619% | -163.1 bp | |||
| 2 years | 9.104% | -14.6 bp | |||
Focusing on 2 years Government Bond:
| 5Y vs 2Y | -148.5 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -177 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 7.334% 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.
| Iceland 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 658.1 bp | -14.5 bp | +34.2 bp | ||
| vs Germany 10Y | 482.9 bp | +4.3 bp | +71.0 bp | ||
| vs China 10Y | 462.9 bp | -23.6 bp | +70.9 bp | ||
| vs France 10Y | 426.2 bp | +10.2 bp | +70.7 bp | ||
| vs Spain 10Y | 382.5 bp | +13.4 bp | +74.7 bp | ||
| vs Canada 10Y | 368.6 bp | +10.4 bp | +39.1 bp | ||
| vs United Kingdom 10Y | 311.2 bp | +7.4 bp | +78.6 bp | ||
| vs Italy 10Y | 306.9 bp | +30.8 bp | +78.4 bp | ||
| vs United States 10Y | 296.9 bp | +21.4 bp | +12.7 bp | ||
| vs Australia 10Y | 286.9 bp | +8.6 bp | -6.1 bp | ||
| vs India 10Y | 6.1 bp | -18.8 bp | +41.0 bp | ||
| vs Brazil 10Y | -363.8 bp | +48.3 bp | +132.4 bp | ||
| vs Russia 10Y | -473.6 bp | +15.4 bp | -69.0 bp |
Iceland Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates.
Click on for a forecast of the yield.
