Romania\u2019s Ministry of Finance announced the yields of the 1, 3, and 5-year bonds sold to households under the Tezaur scheme in April \u2013 when the coupons attached to the 3 and 5-year papers will rise by 0.5pp compared to March, at 7.00% and 7.50% respectively.\u00a0<\/p>\n
The 1-year bonds will pay 6.5% yield, compared to 5.85% in March.<\/p>\n
The yield curve defined by Tezaur\/Fidelis schemes thus increases back to the levels seen at the end of 2025, before a sudden decline over the first two months of 2026, before the war in the Middle East emerged. The 10-year yield for Romanian debt decreased from around 7% at the end of last year to 6.3% on February 27 \u2013 to rise again after the attacks on Iran.<\/p>\n
Currently at nearly 7.1%, the yield of Romania\u2019s local currency long-term debt returned to roughly where it was before October 15, when the European Commission confirmed the country\u2019s dynamics along the fiscal consolidation trajectory.<\/p>\n