Norway - Average Long-term Government Bond





Norway: Average Long-term Government Bond

Mnemonic IRGTLT.INOR
Unit %, NSA
Adjustments Not Seasonally Adjusted
Business Daily
Data 09 Nov 2018 2
08 Nov 2018 2.03

Series Information

Source Norges Bank
Release Interest Rates - Daily
Frequency Business Daily
Start Date 1/4/1985
End Date 11/9/2018

Norway: Markets

Reference Last Previous Units Frequency
Lending Rate 12 Nov 2018 0.75 0.75 Percent, NSA Daily
Average Long-term Government Bond 09 Nov 2018 2 2.03 %, NSA Business Daily
Stock Market Index 09 Nov 2018 999.57 1,009 Index, NSA Daily
Money Market Rate Dec 2016 1.16 1.1 % Monthly

Release Information

Each day, Norges Bank publishes a compendium of interest rates with a one-day lag, including NIBOR (nominal and effective) from overnight to one year, and government securities (three months to ten years).

NIBOR
The Norwegian Inter-Bank Offered Rate (the money market interest rate). Both nominal and effective rates are published, for nine maturities: overnight, 1- and 2-week, 1-, 2-, 3-, 6-, 9- and 12-month.

After omitting low and high rates based on provisions outlined in the rules, the Nibor panel banks submit interest rates for each maturity. Nibor is calculated as a simple average of these interest rates.

An individual panel bank submits interest rates that reflect the interest rates the bank would charge on lending in NOK to a leading bank that is active in the Norwegian money and foreign exchange markets. The rates should be regarded as the best possible estimates of the market rates, but not as binding offers.

Nibor is published as an annual nominal interest rate over 360 days, which is standard in the foreign exchange market. The percentage return over the term is calculated by dividing the interest rate by 360 and multiplying it by the actual number of days to maturity.

Treasury bills
Zero-coupon government securities with an original security of less than one year. At maturity, the holder is Normally issued at the beginning of each month as well as in connection with IMM dates each year. Published: rates on 3-, 6-, 9- and 12-month maturities.
 
Government bonds
Interest-bearing securities with an original maturity of more than one year, and normally between two and eleven years. Interest is payable at the coupon rate on a specific date once a year, over the life of the bond. At maturity, the bondholder is paid the face value of the bond in addition to the coupon rate, which reflects the market rate at the time that the bond was first issued. Published: rates on 3-, 5- and 10-year maturities.
 
IMM dates
The third Wednesday in March, June, September and December. New 12-month Treasury bills are issued on IMM dates.

Daily interest rates are not revised after they are first published.