The Serbia 10Y Government Bond has a 6.606% yield.
10 Years vs 2 Years bond spread is 159.4 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 6.50% (last modification in July 2023).
The Serbia credit rating is BB+, according to Standard & Poor's agency.
Serbia Yield Curve
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 year | 5.600% | +0.2 bp | +39.3 bp | 94.70 | 0.00 % | -0.37 % | 28 Nov | ||
| 2 years | 5.012% | +11.0 bp | -17.8 bp | 90.68 | -0.21 % | +0.33 % | 28 Nov | ||
| 3 years | 5.400% | 0.0 bp | +17.3 bp | 85.40 | 0.00 % | -0.50 % | 28 Nov | ||
| 5 years | 5.420% | -1.0 bp | -4.0 bp | 76.80 | +0.04 % | +0.18 % | 27 Nov | ||
| 10 years | 6.606% | 0.0 bp | +27.0 bp | 52.75 | 0.00 % | -2.50 % | 28 Nov | ||
| Last Update: 28 Nov 2023 15:15 GMT+0 | |||||||||
Serbia 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 (6.50%) |
|||
|---|---|---|---|---|---|---|
| 1 year | 2 years | 5 years | ||||
| 10 years | 6.606% | 10.6 bp | ||||
| 5 years | 5.420% | -108.0 bp | ||||
| 2 years | 5.012% | -148.8 bp | ||||
| 1 year | 5.600% | -90.0 bp | ||||
Focusing on 2 years Government Bond:
| 2Y vs 1Y | -58.8 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 40.8 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 159.4 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Serbia 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 Serbia Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's | BB+ | - |
| Moody's Investors Service | Ba2 | - |
| Fitch Ratings | BB+ | - |
| DBRS | - | - |
Serbia 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 | 6.50% |
Serbia 10Y Bond Yield Spread
The Serbia 10Y Government Bond has a 6.606% 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.
| Serbia 10Y vs | Current Spread | Chg 1M | Chg 6M | Compare Countries |
|
|---|---|---|---|---|---|
| vs Japan 10Y | 585.3 bp | +12.1 bp | -6.8 bp | ||
| vs Germany 10Y | 410.1 bp | +30.9 bp | +30.0 bp | ||
| vs China 10Y | 390.1 bp | +3.0 bp | +29.9 bp | ||
| vs France 10Y | 353.4 bp | +36.8 bp | +29.7 bp | ||
| vs Spain 10Y | 309.7 bp | +40.0 bp | +33.7 bp | ||
| vs Canada 10Y | 295.8 bp | +37.0 bp | -1.9 bp | ||
| vs United Kingdom 10Y | 238.4 bp | +34.0 bp | +37.6 bp | ||
| vs Italy 10Y | 234.1 bp | +57.4 bp | +37.4 bp | ||
| vs United States 10Y | 224.1 bp | +48.0 bp | -28.3 bp | ||
| vs Australia 10Y | 214.1 bp | +35.2 bp | -47.1 bp | ||
| vs India 10Y | -66.7 bp | +7.8 bp | 0.0 bp | ||
| vs Brazil 10Y | -436.6 bp | +74.9 bp | +91.4 bp | ||
| vs Russia 10Y | -546.4 bp | +42.0 bp | -110.0 bp |
Serbia 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 | 6.606% | 52.75 | 59.90 | 74.21 | 88.51 | 102.82 | 117.13 | ||
| 5 years | 5.420% | 76.80 | 81.08 | 89.64 | 98.20 | 106.76 | 115.32 | ||
| 3 years | 5.400% | 85.40 | 88.11 | 93.51 | 98.92 | 104.32 | 109.73 | ||
| 2 years | 5.012% | 90.68 | 92.54 | 96.26 | 99.98 | 103.70 | 107.41 | ||
| 1 year | 5.600% | 94.70 | 95.64 | 97.54 | 99.43 | 101.33 | 103.22 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||
