Serbia Government Bonds - Yields Curve

COUNTRY • SUMMARY
SERBIA
Last Update: 27 May 2024 14:15 GMT+0

The Serbia 10Y Government Bond has a 6.090% yield.

10 Years vs 2 Years bond spread is 96.6 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.

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Serbia 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 year 5.106% +1.1 bp -49.4 bp 95.14 -0.01 % +0.46 % 27 May
2 years 5.124% 0.0 bp +11.2 bp 90.49 0.00 % -0.21 % 27 May
3 years 5.100% 0.0 bp -16.7 bp 86.14 0.00 % +0.48 % 27 May
5 years 5.200% 0.0 bp -22.0 bp 77.61 0.00 % +1.05 % 27 May
10 years 6.090% +15.4 bp -44.1 bp 55.37 -1.44 % +4.24 % 27 May
Last Update: 27 May 2024 14:15 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).

If data are not all visible, swipe table left
Residual
Maturity
Yield Spread vs Bond Spread vs
Central Bank
Rate (6.50%)
1 year 2 years 5 years
10 years 6.090% -41.0 bp
5 years 5.200%
-130.0 bp
2 years 5.124%
-137.6 bp
1 year 5.106%
-139.4 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y 1.8 bp Yield Curve is flat in Short-Term Maturities
5Y vs 2Y 7.6 bp Yield Curve is flat in Mid-Term vs Short-Term Maturities
10Y vs 2Y 96.6 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+ positive
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 6.090% 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
Serbia 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 507.2 bp +1.8 bp -68.6 bp
vs China 10Y 377.1 bp +4.0 bp -3.1 bp
vs Germany 10Y 354.1 bp +18.3 bp -44.9 bp
vs France 10Y 305.8 bp +19.1 bp -37.1 bp
vs Spain 10Y 279.5 bp +23.0 bp -20.2 bp
vs Canada 10Y 243.8 bp +35.3 bp -41.6 bp
vs Italy 10Y 225.5 bp +20.9 bp +2.0 bp
vs United Kingdom 10Y 183.3 bp +22.5 bp -45.2 bp
vs Australia 10Y 177.3 bp +37.7 bp -28.5 bp
vs United States 10Y 163.1 bp +35.8 bp -51.4 bp
vs India 10Y -89.1 bp +37.2 bp -15.0 bp
vs Brazil 10Y -557.2 bp +7.9 bp -108.2 bp
vs Russia 10Y -870.5 bp -21.1 bp -321.6 bp

Serbia 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 6.090% 55.37 62.70 77.35 92.01 106.67 121.33
5 years 5.200% 77.61 81.92 90.53 99.14 107.75 116.36
3 years 5.100% 86.14 88.86 94.29 99.73 105.16 110.60
2 years 5.124% 90.49 92.35 96.06 99.77 103.48 107.19
1 year 5.106% 95.14 96.09 98.00 99.90 101.80 103.70
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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