Romania Government Bonds - Yields Curve

COUNTRY • SUMMARY
ROMANIA
Last Update: 18 Jun 2024 14:15 GMT+0

The Romania 10-Year Government Bond currently offers a yield of 6.780%. 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 Romania 10-Year and 2-Year government bonds is 85 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.

Romania Central Bank Rate stands at 7.00%, following the most recent adjustment in January 2023.

According to Standard & Poor's agency, the Romania credit rating is BBB-.

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Romania 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
6 months 6.023% -7.7 bp -5.7 bp 18 Jun
1 year 5.904% -14.6 bp -18.6 bp 94.43 +0.14 % +0.18 % 18 Jun
2 years 5.930% -12.0 bp -10.0 bp 89.12 +0.22 % +0.19 % 18 Jun
3 years 6.030% -7.0 bp -13.0 bp 83.89 +0.20 % +0.37 % 18 Jun
4 years 6.050% -5.0 bp -8.0 bp 79.06 +0.19 % +0.30 % 18 Jun
5 years 6.220% -3.0 bp -2.5 bp 73.96 +0.15 % +0.12 % 18 Jun
7 years 6.480% -2.0 bp +2.0 bp 64.44 +0.14 % -0.12 % 18 Jun
10 years 6.780% +8.0 bp +41.5 bp 51.89 -0.75 % -3.82 % 18 Jun
Last Update: 18 Jun 2024 14:15 GMT+0

Romania 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 (7.00%)
1 year 2 years 5 years
10 years 6.780% -22.0 bp
5 years 6.220%
-78.0 bp
2 years 5.930%
-107.0 bp
1 year 5.904%
-109.6 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y 2.6 bp Yield Curve is flat in Short-Term Maturities
5Y vs 2Y 29 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 85 bp Normal Convexity in Long-Term vs Short-Term Maturities

Romania 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 Romania Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's BBB- -
Moody's Investors Service Baa3 -
Fitch Ratings BBB- negative
DBRS - -

Romania 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 7.00%

Romania 10Y Bond Yield Spread

The Romania 10Y Government Bond has a 6.780% 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
Romania 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 583.8 bp +8.6 bp +13.8 bp
vs China 10Y 451.4 bp +13.7 bp +79.3 bp
vs Germany 10Y 437.1 bp +19.1 bp +7.7 bp
vs France 10Y 366.1 bp -2.5 bp -10.4 bp
vs Spain 10Y 346.5 bp +4.6 bp +14.6 bp
vs Canada 10Y 345.7 bp +41.2 bp +28.5 bp
vs Italy 10Y 289.2 bp +2.2 bp +29.2 bp
vs United Kingdom 10Y 266.1 bp +8.0 bp +0.3 bp
vs Australia 10Y 258.2 bp +17.6 bp +33.7 bp
vs United States 10Y 251.9 bp +24.1 bp +9.7 bp
vs India 10Y -20.1 bp +19.4 bp +58.7 bp
vs Brazil 10Y -525.0 bp -30.3 bp -97.8 bp
vs Russia 10Y -835.0 bp -5.0 bp -228.5 bp

Romania 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 6.780% 51.89 58.99 73.18 87.37 101.56 115.75
7 years 6.480% 64.44 69.92 80.90 91.88 102.85 113.83
5 years 6.220% 73.96 78.14 86.52 94.89 103.27 111.64
4 years 6.050% 79.06 82.52 89.44 96.37 103.29 110.21
3 years 6.030% 83.89 86.56 91.91 97.25 102.59 107.93
2 years 5.930% 89.12 90.95 94.62 98.29 101.96 105.63
1 year 5.904% 94.43 95.37 97.26 99.15 101.03 102.92
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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