The Poland 10Y Government Bond has a 5.464% yield.
10 Years vs 2 Years bond spread is 10.8 bp.
Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 5.75% (last modification in October 2023).
The Poland credit rating is A-, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 151.00 and implied probability of default is 2.52%.
Poland Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 6.890% | +129.0 bp | -52.0 bp | 03 Dec | |||||
| 2 months | 6.420% | -28.0 bp | -78.0 bp | 03 Dec | |||||
| 1 year | 5.289% | +13.0 bp | -83.1 bp | 94.98 | -0.12 % | +0.80 % | 03 Dec | ||
| 2 years | 5.356% | +26.0 bp | -60.5 bp | 90.09 | -0.50 % | +1.15 % | 03 Dec | ||
| 3 years | 5.243% | +17.0 bp | -62.0 bp | 85.79 | -0.48 % | +1.78 % | 03 Dec | ||
| 4 years | 5.270% | +24.3 bp | -59.7 bp | 81.43 | -0.92 % | +2.29 % | 03 Dec | ||
| 5 years | 5.269% | +17.9 bp | -55.0 bp | 77.36 | -0.85 % | +2.64 % | 03 Dec | ||
| 6 years | 5.226% | +14.6 bp | -60.7 bp | 73.67 | -0.82 % | +3.51 % | 03 Dec | ||
| 7 years | 5.261% | +11.6 bp | -61.6 bp | 69.84 | -0.77 % | +4.16 % | 03 Dec | ||
| 8 years | 5.807% | 0.0 bp | 0.0 bp | 63.66 | 0.00 % | 0.00 % | 15 May | ||
| 9 years | 5.429% | -12.3 bp | -53.4 bp | 62.14 | +1.06 % | +4.65 % | 03 Dec | ||
| 10 years | 5.464% | +1.1 bp | -52.5 bp | 58.74 | -0.10 % | +5.08 % | 03 Dec | ||
| Last Update: 3 Dec 2023 0:23 GMT+0 | |||||||||
Poland 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 (5.75%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 5.464% | -28.6 bp | ||||
| 5 years | 5.269% | -48.1 bp | ||||
| 2 years | 5.356% | -39.4 bp | ||||
| 1 year | 5.289% | -46.1 bp | ||||
Focusing on 2 years Government Bond:
| 2Y vs 1Y | 6.7 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | -8.7 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 10.8 bp | Yield Curve is flat in Long-Term vs Short-Term Maturities |
Poland 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 Poland Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's | A- | - |
| Moody's Investors Service | A2 | - |
| Fitch Ratings | A- | - |
| DBRS | A | - |
Poland 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 | 5.75% |
Poland 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.
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 151.00 | 0.00 % | 0.00 % | +189.27 % | 2.52 % | |
| (*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate. |
Poland 10Y Bond Yield Spread
The Poland 10Y Government Bond has a 5.464% 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.
| Poland 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 475.8 bp | +22.0 bp | -82.1 bp | ||
| vs Germany 10Y | 310.5 bp | +30.9 bp | -55.6 bp | ||
| vs China 10Y | 276.6 bp | -0.9 bp | -48.9 bp | ||
| vs France 10Y | 254.3 bp | +33.0 bp | -57.9 bp | ||
| vs Spain 10Y | 211.1 bp | +35.2 bp | -55.9 bp | ||
| vs Canada 10Y | 201.5 bp | +33.9 bp | -72.1 bp | ||
| vs Italy 10Y | 137.4 bp | +36.3 bp | -63.5 bp | ||
| vs United Kingdom 10Y | 132.4 bp | +20.0 bp | -51.2 bp | ||
| vs United States 10Y | 125.5 bp | +37.8 bp | -103.6 bp | ||
| vs Australia 10Y | 106.7 bp | +29.3 bp | -118.5 bp | ||
| vs India 10Y | -182.6 bp | +3.8 bp | -83.1 bp | ||
| vs Brazil 10Y | -534.8 bp | +73.2 bp | +4.0 bp | ||
| vs Russia 10Y | -674.6 bp | -12.9 bp | -196.5 bp |
Poland 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 | 5.464% | 58.74 | 66.29 | 81.40 | 96.50 | 111.60 | 126.70 | ||
| 9 years | 5.429% | 62.14 | 69.11 | 83.06 | 97.01 | 110.96 | 124.90 | ||
| 7 years | 5.261% | 69.84 | 75.58 | 87.04 | 98.50 | 109.97 | 121.43 | ||
| 6 years | 5.226% | 73.67 | 78.70 | 88.78 | 98.86 | 108.94 | 119.02 | ||
| 5 years | 5.269% | 77.36 | 81.65 | 90.25 | 98.84 | 107.44 | 116.03 | ||
| 4 years | 5.270% | 81.43 | 84.95 | 92.00 | 99.05 | 106.10 | 113.14 | ||
| 3 years | 5.243% | 85.79 | 88.50 | 93.92 | 99.34 | 104.76 | 110.18 | ||
| 2 years | 5.356% | 90.09 | 91.94 | 95.64 | 99.34 | 103.04 | 106.74 | ||
| 1 year | 5.289% | 94.98 | 95.93 | 97.83 | 99.73 | 101.63 | 103.52 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
