Latvia - Average Long-term Government Bond





Latvia: Average Long-term Government Bond

Mnemonic IRGTLT.ILVA
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Aug 2019 -0.07
Jul 2019 0.15

Series Information

Source European Communities, EUROSTAT
Release Eurostat - Long Term Government Bond Yield
Frequency Monthly
Start Date 1/31/2001
End Date 8/31/2019

Latvia: Markets

Reference Last Previous Units Frequency
Stock Market Index 13 Sep 2019 1,034 1,029 Index, NSA Business Daily
Average Long-term Government Bond Aug 2019 -0.07 0.15 % p.a., NSA Monthly
Business Lending Rate Jul 2019 2.66 2.75 % , NSA Monthly
Household Lending Rate Jul 2019 17.77 15.41 % , NSA Monthly
Monetary Policy Rate Jul 2019 -0.4 -0.4 %, NSA Monthly
Treasury Bills (over 31 days) Dec 2013 0.23 % p.a., NSA Monthly
Lending Rate Mar 2013 2.5 2.5 % - End of period Monthly

Release Information

Long-term government bond yields: definition used for the convergence criterion for EMU for long-term interest rates (monthly average of central government bond yields on the secondary market, gross of tax, with around 10 years' residual maturity).

Length of series varies considerably. In general the national series for the euro area Member States are much longer than for the non euro area  Member States.

Data sources used

Daily and monthly convergence series data are collected by the European Central Bank (ECB) from the national central banks. Eurostat calculates the EU15 series and the EU25 series. These aggregates are based on the data of the national central banks.

 

In addition, for the euro-zone aggregate, daily data on representative long-term government bonds are collected on the markets by the ECB, which calculates this aggregate.

 

The country and aggregate data are transmitted to Eurostat by electronic means.

The data for the 10-year rate refers to the par yield rates. “Long term (in most cases 10 year) government bonds are the instrument whose yield is used as the representative ‘interest rate’ for this area. Generally the yield is calculated at the pre-tax level and before deductions for brokerage costs and commissions and is derived from the relationship between the present market value of the bond and that at maturity, taking into account also interest payments paid through to maturity.” (https://stats.oecd.org/index.aspx?queryid=86).

 

Compilation of European aggregates

From January 1999, the weightings for euro-zone are based on each country's nominal stock of government bonds of around 10 years' maturity.

 

For EU, and before 1999 for euro-zone, the weightings used are national GDP at current prices and purchasing power standards.

 

Eurostat calculates the EU aggregate series. These aggregates are based on the data of the national central banks.

 

In addition, for the euro-zone aggregate, daily data on representative long-term government bonds are collected on the markets by the ECB, which calculates this aggregate.

 

Adjustments

Data are not seasonally adjusted.


Data are revised each time the ECB transmits revised data.