Romania\u2019s Ministry of Finance announced that yields on government bonds under the Fidelis scheme for households will be lower in February than in January \u2013 by 25 to 30 basis points. The decrease follows another 40-45 bp cut during Q3 last year and will bring the yields to 6.15%-7.25% for local currency bonds with 4-6 year maturities and 3.6%-6.0% for bonds denominated in euros with maturities of 3-10 years.<\/p>\n
The coupons for the Terzaur bonds, with maturities of 1-5 years, have not been announced yet \u2013 but the yield curve generated by Fidelis issues indicates a 6.05-6.1% coupon for the 1-year bonds. This is still marginally above the net interest generated by bank deposits, subject to 10% income tax, unlike the government bonds.\u00a0<\/p>\n
Specifically, the government will pay 6.15% coupon for 2-year Fidelis bonds in February, down from 6.45% in January and 6.55% in December. The coupon for this maturity was 7.2% in September.<\/p>\n
For 4 years, the coupon is 6.75% in February, down from 7.1% in December-January. For a 6-year maturity, the coupon is 7.25%, down from 7.5% in December-January.<\/p>\n
For the bonds denominated in euros, the government will pay tax-free coupons of 3.6% for 3-year maturity (3.75% in December-January, 4.15% in October), 4.5% for 7-year maturity (4.75% in December-January, down from 5.6% in June 2025) and 6.0% for 10-year maturity (6.2% in December-January, 6.5% in August 2025).<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: I<\/em>r<\/a>yna Drozd\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Romania\u2019s Ministry of Finance announced that yields on government bonds under the Fidelis scheme for households will be lower in February than in January \u2013 by 25 to 30 basis points. The decrease follows another 40-45 bp cut during Q3 last year and will bring the yields to 6.15%-7.25% for local currency bonds with 4-6 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8694","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8694"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8694\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}