Polish sovereign zero-coupon yield curve
Daily NSS-fitted curves, 2005-2026. Monthly snapshots with the underlying bond panel, 1y forwards, the NBP Survey of Professional Forecasters implied path, and US/euro-area comparison at 12 tenors. Click bonds to see their YTM history. Download the snapshot panel as CSV.
Zero-coupon curve and bond panel
NSS fit (solid line) with the underlying coupon-bond panel as bubbles, sized by outstanding amount. Salmon dots are long-end bonds (>7y), dark blue is the belly (1.5–7y), grey is the short end. Click any bond row in the table below to highlight it on the curve and show its YTM history.
Forecast family — NSS forwards, ACM & BRW rf, NBP SPF
Four short-rate forecast paths overlaid: NSS 1-year-spaced forwards from the fitted curve, ACM expected average short rate (rf), BRW rf with the Bauer-Rudebusch-Wu bias correction, and the most recent NBP Survey of Professional Forecasters implied path. SPF vintage: —
Cross-country snapshot — full curve at all tenors
PL versus US (GSW Treasury) versus euro-area AAA zero-coupon yields at 3m, 6m, 1y, 2y, 3y, 4y, 5y, 6y, 7y, 8y, 9y, 10y on the snapshot date.
Bond panel — click a row to highlight on the curve
All bonds in the snapshot fit, sorted by time-to-maturity. Outstanding amount in PLN bn, prior-month BondSpot turnover in PLN bn, fitted YTM in percent.
| ISIN | Series | TTM (y) | YTM (%) | Outstanding (PLNbn) | Turnover prior month (PLNbn) | Segment |
|---|
Selected bond — YTM history
Click a bond row above to load its weekly YTM history.
Polish curve — time series
Cross-country comparison — time series
Methodology: liquidity-weighted Nelson-Siegel-Svensson (LW-NSS) on BondSpot venue closing fixings. Weights derived from Min-Fin disclosures of outstanding amounts and prior-month turnover. NBP Survey of Professional Forecasters implied path constructed from quarterly survey releases per PhD Chapter 5.4. US zeros from Gürkaynak-Sack-Wright. Euro-area zeros from the ECB AAA spot-rate database. PCA factors from the EH-paper panel. Build date 2026-05-10.