Russia Government Bonds - Yields Curve

COUNTRY • SUMMARY
RUSSIA
Last Update: 13 Jul 2024 11:23 GMT+0

The Russia 10-Year Government Bond currently offers a yield of 15.445%. 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 Russia 10-Year and 2-Year government bonds is -148.3 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: Yield Curve is inverted in Long-Term vs Short-Term Maturities.

Russia Central Bank Rate stands at 16.00%, following the most recent adjustment in December 2023.

According to Standard & Poor's agency, the Russia credit rating is NR.

The current quotation for Russia 5-Years Credit Default Swap is 13,775.17 basis points. Correspondingly, the implied probability of default is 100.00%.

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Russia 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
1 month 14.942% n.a. n.a. 13 Jul
2 months 15.332% n.a. n.a. 13 Jul
3 months 15.678% n.a. n.a. 13 Jul
6 months 16.400% n.a. n.a. 13 Jul
1 year 17.012% -124.8 bp +134.2 bp 85.46 +1.06 % -1.15 % 13 Jul
2 years 16.928% -144.2 bp +116.8 bp 73.14 +2.48 % -1.98 % 13 Jul
3 years 16.523% -91.7 bp +331.3 bp 63.21 +2.38 % -8.28 % 13 Jul
5 years 15.954% -0.6 bp +281.4 bp 47.71 +0.04 % -11.55 % 13 Jul
7 years 15.665% -3.5 bp +308.5 bp 36.11 +0.22 % -17.24 % 13 Jul
10 years 15.445% +30.5 bp +274.5 bp 23.78 -2.62 % -21.39 % 13 Jul
15 years 15.274% -11.6 bp +238.4 bp 11.86 +1.54 % -26.88 % 13 Jul
20 years 15.188% +27.8 bp +277.8 bp 5.91 -4.83 % -38.69 % 13 Jul
Last Update: 13 Jul 2024 11:23 GMT+0

Russia 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 (16.00%)
3 months 1 year 2 years 5 years
10 years 15.445% -55.5 bp
5 years 15.954%
-4.6 bp
2 years 16.928%
92.8 bp
1 year 17.012%
101.2 bp
3 months 15.678%
-32.2 bp

Focusing on 2 years Government Bond:

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2Y vs 1Y -8.4 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y -97.4 bp Yield Curve is inverted in Mid-Term vs Short-Term Maturities
10Y vs 2Y -148.3 bp Yield Curve is inverted in Long-Term vs Short-Term Maturities

Russia 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 Russia Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's NR -
Moody's Investors Service NR -
Fitch Ratings NR -
DBRS - -

Russia 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 16.00%

Russia 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.

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Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 13,775.17 0.00 % 0.00 % 0.00 % 100.00 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Russia 10Y Bond Yield Spread

The Russia 10Y Government Bond has a 15.445% 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
Russia 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 1439.4 bp +21.4 bp +227.3 bp
vs China 10Y 1318.1 bp +35.4 bp +300.5 bp
vs Germany 10Y 1295.5 bp +28.5 bp +240.8 bp
vs France 10Y 1229.7 bp +33.6 bp +227.9 bp
vs Spain 10Y 1217.1 bp +41.0 bp +257.0 bp
vs Canada 10Y 1200.5 bp +21.8 bp +254.9 bp
vs Italy 10Y 1164.3 bp +46.0 bp +269.0 bp
vs United Kingdom 10Y 1132.3 bp +31.4 bp +242.3 bp
vs United States 10Y 1125.8 bp +35.8 bp +249.7 bp
vs Australia 10Y 1110.1 bp +14.8 bp +247.9 bp
vs India 10Y 845.9 bp +30.5 bp +293.7 bp
vs Brazil 10Y 380.9 bp +76.9 bp +161.1 bp

Russia 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%
20 years 15.188% 5.91 12.11 24.50 36.89 49.28 61.67
15 years 15.274% 11.86 17.63 29.17 40.71 52.25 63.79
10 years 15.445% 23.78 28.72 38.59 48.46 58.33 68.20
7 years 15.665% 36.11 40.19 48.34 56.50 64.66 72.82
5 years 15.954% 47.71 50.98 57.54 64.09 70.65 77.21
3 years 16.523% 63.21 65.43 69.89 74.34 78.79 83.25
2 years 16.928% 73.14 74.73 77.90 81.07 84.25 87.42
1 year 17.012% 85.46 86.32 88.03 89.73 91.44 93.15
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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