Major 10Y Yield Day Q2/20 Q3/20 Q4/20 Q1/21
US 0.64 0.06 -0.06% 0.66 0.68 0.71 0.73
UK 0.18 0.03 -0.03% 0.20 0.21 0.23 0.25
Japan 0.01 0.01 0.01% 0.01 0.01 0.01 0.01
Germany -0.45 0.03 -0.03% 0.04 0.09 0.15 0.21
France -0.08 0.02 -0.02% 0.01 0.02 0.03 0.04
Netherlands -0.24 0.02 -0.02% 0.02 0.05 0.08 0.11
Switzerland -0.46 0.02 -0.02% 0.05 0.10 0.15 0.22
New Zealand 0.85 0.07 0.07% 0.88 0.91 0.94 0.97
Brazil 6.96 0.07 -0.07% 7.05 7.15 7.24 7.34
India 6.01 0.02 0.02% 6.07 6.13 6.18 6.24
Mexico 6.15 0.03 -0.03% 6.21 6.28 6.35 6.41
Australia 0.90 0.01 0.01% 0.94 0.98 1.02 1.06
Italy 1.49 0.06 0.06% 1.57 1.66 1.75 1.85
Canada 0.53 0.03 -0.03% 0.56 0.58 0.60 0.63
Greece 1.51 0.00 0.00% 1.58 1.65 1.72 1.79
Spain 0.49 0.02 -0.02% 0.63 0.69 0.76 0.83
Portugal 0.52 0.04 -0.04% 0.57 0.63 0.69 0.76

United States Yield Day Q2/20 Q3/20 Q4/20 Q1/21
US 0.64 0.06 -0.06% 0.66 0.68 0.71 0.73
US 1M 0.13 0.00 0.00% 0.13 0.13 0.14 0.14
US 3M 0.14 0.01 -0.01% 0.14 0.15 0.15 0.15
US 6M 0.17 0.00 0.00% 0.17 0.17 0.17 0.18
US 52W 0.17 0.01 -0.01% 0.18 0.18 0.18 0.19
US 2Y 0.16 0.02 -0.02% 0.16 0.17 0.17 0.18
US 3Y 0.19 0.03 -0.03% 0.20 0.20 0.21 0.22
US 5Y 0.30 0.05 -0.05% 0.31 0.32 0.33 0.34
US 7Y 0.49 0.05 -0.05% 0.51 0.53 0.54 0.56
US 20Y 1.38 0.03 -0.03% 1.41 1.44 1.48 1.52
US 30Y 1.40 0.07 -0.07% 1.44 1.47 1.51 1.54

Europe Yield Day Q2/20 Q3/20 Q4/20 Q1/21
UK 0.18 0.03 -0.03% 0.20 0.21 0.23 0.25
UK 1M 0.09 0.00 0.00% 0.10 0.10 0.10 0.11
UK 3M 0.08 0.03 -0.03% 0.08 0.09 0.09 0.10
UK 6M 0.07 0.01 -0.01% 0.07 0.08 0.08 0.08
UK 52W 0.05 0.02 -0.02% 0.05 0.06 0.06 0.06
UK 3Y -0.04 0.03 -0.03% 0.00 0.01 0.01 0.02
UK 5Y -0.01 0.02 -0.02% 0.00 0.00 0.00 0.00
UK 7Y 0.02 0.03 -0.03% 0.02 0.02 0.03 0.03
UK 20Y 0.51 0.04 -0.04% 0.53 0.56 0.58 0.61
UK 30Y 0.58 0.04 -0.04% 0.61 0.63 0.66 0.69
Germany -0.45 0.03 -0.03% 0.04 0.09 0.15 0.21
Germany 3M -0.50 0.01 0.01% 0.03 0.05 0.08 0.11
Germany 6M -0.54 0.00 0.00% 0.03 0.05 0.08 0.11
Germany 52W -0.58 0.00 0.00% 0.02 0.04 0.06 0.09
Germany 2Y -0.66 0.03 -0.03% 0.02 0.04 0.06 0.09
Germany 3Y -0.66 0.02 -0.02% 0.02 0.04 0.07 0.09
Germany 5Y -0.64 0.02 -0.02% 0.03 0.07 0.11 0.15
Germany 7Y -0.55 0.02 -0.02% 0.05 0.10 0.16 0.22
Germany 30Y 0.01 0.02 -0.02% 0.01 0.01 0.01 0.01
France 20Y 0.44 0.02 -0.02% 0.48 0.53 0.59 0.64
France 30Y 0.70 0.02 -0.02% 0.74 0.80 0.85 0.91
Greece 1.51 0.00 0.00% 1.58 1.65 1.72 1.79
Greece 20Y 1.73 0.01 0.01% 1.77 1.81 1.85 1.89
Ireland 0.11 0.02 -0.02% 0.12 0.13 0.14 0.15
Spain 0.49 0.02 -0.02% 0.63 0.69 0.76 0.83
Portugal 0.52 0.04 -0.04% 0.57 0.63 0.69 0.76
Portugal 20Y 0.96 0.04 -0.04% 1.01 1.06 1.11 1.17
Portugal 30Y 1.31 0.04 -0.04% 1.36 1.41 1.47 1.52
Portugal 5Y 0.02 0.02 -0.02% 0.02 0.03 0.03 0.03
Portugal 7Y 0.28 0.04 -0.04% 0.30 0.34 0.37 0.41
Latvia 0.55 0.00 0.00% 0.55 0.55 0.55 0.55
Lithuania 0.45 0.00 0.00% 0.48 0.52 0.56 0.60
Russia 1M 5.29 0.01 -0.01% 5.30 5.32 5.33 5.35
Russia 3M 4.88 0.01 0.01% 4.89 4.90 4.92 4.93
Russia 6M 4.69 0.01 0.01% 4.70 4.72 4.73 4.74
Hungary 1.98 0.27 -0.27% 2.06 2.14 2.22 2.31
Romania 4.18 0.32 -0.32% 4.25 4.32 4.39 4.46
Russia 20Y 6.01 0.00 0.00% 6.05 6.08 6.12 6.16
Turkey 12.24 0.20 0.20% 12.56 12.89 13.22 13.57
Norway 0.61 0.04 -0.04% 0.58 0.60 0.62 0.64
Iceland 2.27 0.05 0.05% 2.31 2.35 2.39 2.44
Slovakia 0.29 0.17 -0.17% 0.32 0.35 0.39 0.43
Poland 1.19 0.01 0.00% 1.23 1.27 1.32 1.37
Russia 5Y 5.16 0.01 0.01% 5.20 5.24 5.28 5.33
Russia 7Y 5.31 0.02 0.02% 5.35 5.39 5.43 5.48
Czech Republic 0.72 0.08 -0.08% 0.74 0.77 0.79 0.82
Belgium -0.01 0.01 -0.02% 0.00 0.00 0.00 0.00
Italy 1.49 0.06 0.06% 1.57 1.66 1.75 1.85
Italy 52W 0.15 0.02 0.02% 0.16 0.18 0.19 0.21
Italy 20Y 2.11 0.04 0.04% 2.18 2.25 2.33 2.41
Italy 2Y 0.40 0.06 0.06% 0.44 0.49 0.54 0.59
Italy 30Y 2.41 0.03 0.03% 2.48 2.56 2.63 2.71
Italy 3Y 0.58 0.05 0.05% 0.63 0.70 0.77 0.84
Italy 5Y 1.04 0.05 0.05% 1.14 1.26 1.38 1.52
Italy 7Y 1.23 0.06 0.06% 1.32 1.42 1.53 1.65
Denmark -0.25 0.01 -0.01% 0.03 0.05 0.08 0.12
Finland -0.17 0.03 -0.03% 0.02 0.04 0.06 0.08
Italy 1M -0.30 0.03 0.03% 0.03 0.06 0.10 0.14
Italy 3M -0.16 0.00 0.00% 0.02 0.03 0.05 0.07
Euro Area Government Bond 0.00 0.14 -0.14% 0.15 0.17 0.18 0.20
Bulgaria 1.00 0.40 -0.40% 1.06 1.12 1.19 1.26
Greece 1M 0.96 0.06 0.06% 1.06 1.16 1.28 1.41
Croatia 1.45 0.00 0.00% 1.51 1.57 1.63 1.70
Austria -0.11 0.01 -0.01% 0.01 0.02 0.04 0.05
France -0.08 0.02 -0.02% 0.01 0.02 0.03 0.04
France 1M -0.55 0.01 0.01% 0.04 0.07 0.12 0.16
France 52W -0.52 0.00 0.00% 0.02 0.04 0.06 0.08
France 2Y -0.53 0.01 -0.01% 0.02 0.04 0.05 0.07
France 3M -0.51 0.00 0.00% 0.02 0.04 0.06 0.08
France 3Y -0.52 0.01 -0.01% 0.02 0.04 0.07 0.09
France 5Y -0.44 0.03 -0.03% 0.04 0.09 0.15 0.20
France 6M -0.50 0.00 0.00% 0.01 0.03 0.05 0.06
France 7Y -0.25 0.02 -0.02% 0.03 0.05 0.08 0.12
Netherlands -0.24 0.02 -0.02% 0.02 0.05 0.08 0.11
Portugal 52W -0.34 0.00 0.00% 0.02 0.03 0.05 0.07
Portugal 2Y -0.40 0.01 -0.01% 0.03 0.06 0.09 0.12
Portugal 3M -0.40 0.00 0.00% 0.03 0.05 0.08 0.12
Portugal 3Y -0.27 0.00 0.00% 0.03 0.06 0.09 0.12
Portugal 6M -0.37 0.00 0.00% 0.03 0.05 0.08 0.11
Switzerland -0.46 0.02 -0.02% 0.05 0.10 0.15 0.22
Greece 3M 0.55 0.01 0.01% 0.60 0.66 0.73 0.80
Greece 6M 0.51 0.00 0.00% 0.56 0.61 0.67 0.74
Sweden -0.04 0.01 -0.01% 0.00 0.01 0.01 0.02
Russia 5.57 0.01 0.01% 5.61 5.66 5.70 5.74
Russia 52W 4.35 0.13 -0.13% 4.41 4.48 4.54 4.61
Russia 2Y 4.69 0.05 -0.05% 4.72 4.76 4.79 4.82
Russia 3Y 4.76 0.01 -0.01% 4.79 4.82 4.85 4.89
Slovenia 0.48 0.10 -0.10% 0.53 0.58 0.64 0.70
Sweden 2Y Bond Yield -0.29 0.00 0.00% 0.01 0.03 0.04 0.06
Switzerland 2Y Bond Yield -0.68 0.03 -0.03% 0.03 0.07 0.10 0.14
United Kingdom 2Y Bond Yield -0.04 0.03 -0.03% 0.00 0.01 0.01 0.02
Netherlands 2Y Bond Yield -0.61 0.06 -0.06% 0.02 0.04 0.06 0.09
Belgium 2Y Bond Yield -0.52 0.01 -0.01% 0.02 0.04 0.06 0.08
Finland 2Y Bond Yield -0.57 0.02 -0.02% 0.02 0.05 0.08 0.11
Denmark 2Y Bond Yield -0.42 0.07 0.07% 0.03 0.06 0.10 0.13
Turkey 2Y Bond Yield 8.97 0.10 0.10% 9.26 9.55 9.86 10.17
Spain 2Y Bond Yield -0.40 0.03 0.03% 0.03 0.07 0.10 0.14
Spain 3M -0.48 0.01 -0.01% 0.03 0.06 0.09 0.13
Spain 3Y -0.34 0.00 0.00% 0.03 0.07 0.11 0.16
Spain 5Y -0.15 0.02 -0.02% 0.01 0.03 0.05 0.07
Spain 6M -0.46 0.00 0.00% 0.02 0.05 0.07 0.10
Netherlands 3M -0.53 0.00 0.00% 0.03 0.05 0.08 0.11
Netherlands 6M -0.54 0.00 0.00% 0.02 0.04 0.07 0.09
Spain 52W -0.37 0.02 -0.02% 0.02 0.04 0.05 0.07

America Yield Day Q2/20 Q3/20 Q4/20 Q1/21
US 0.64 0.06 -0.06% 0.66 0.68 0.71 0.73
US 1M 0.13 0.00 0.00% 0.13 0.13 0.14 0.14
US 3M 0.14 0.01 -0.01% 0.14 0.15 0.15 0.15
US 6M 0.17 0.00 0.00% 0.17 0.17 0.17 0.18
US 52W 0.17 0.01 -0.01% 0.18 0.18 0.18 0.19
US 2Y 0.16 0.02 -0.02% 0.16 0.17 0.17 0.18
US 3Y 0.19 0.03 -0.03% 0.20 0.20 0.21 0.22
US 5Y 0.30 0.05 -0.05% 0.31 0.32 0.33 0.34
US 7Y 0.49 0.05 -0.05% 0.51 0.53 0.54 0.56
US 20Y 1.38 0.03 -0.03% 1.41 1.44 1.48 1.52
US 30Y 1.40 0.07 -0.07% 1.44 1.47 1.51 1.54
Canada 1M 0.16 0.01 -0.01% 0.17 0.17 0.17 0.17
Canada 52W 0.28 0.01 -0.01% 0.28 0.29 0.29 0.30
Canada 3M 0.19 0.01 -0.01% 0.19 0.19 0.19 0.20
Canada 0.53 0.03 -0.03% 0.56 0.58 0.60 0.63
Canada 20Y 0.92 0.02 -0.02% 0.95 0.98 1.01 1.04
Canada 30Y 1.12 0.03 -0.03% 1.15 1.19 1.22 1.26
Canada 5Y 0.40 0.01 -0.01% 0.41 0.43 0.45 0.47
Canada 3Y 0.28 0.02 -0.02% 0.28 0.29 0.30 0.31
Canada 2Y 0.29 0.02 -0.02% 0.30 0.31 0.32 0.33
Canada 7Y 0.39 0.03 -0.03% 0.41 0.42 0.44 0.46
Mexico 6.15 0.03 -0.03% 6.21 6.28 6.35 6.41
Canada 6M 0.25 0.00 0.00% 0.25 0.25 0.26 0.26
Brazil 6.96 0.07 -0.07% 7.05 7.15 7.24 7.34
Brazil 52W 2.63 0.06 -0.06% 2.67 2.70 2.74 2.77
Brazil 5Y 5.76 0.03 -0.03% 5.85 5.94 6.03 6.13
Brazil 6M 2.33 0.05 -0.05% 2.35 2.37 2.39 2.41
Chile 2.19 0.01 0.01% 2.24 2.30 2.36 2.42
Colombia 5.50 0.11 0.11% 5.59 5.68 5.77 5.86
Brazil 2Y 3.51 0.06 -0.06% 3.56 3.61 3.66 3.72
Brazil 3M 2.69 0.02 -0.02% 2.72 2.76 2.79 2.83
Brazil 3Y 4.85 0.04 -0.04% 4.93 5.01 5.09 5.18
Peru 15Y 0.00 5.43 -5.43% 5.43 5.43 5.43 5.43
Venezuela 10.43 0.00 0.00% 10.43 10.43 10.43 10.43

Asia Yield Day Q2/20 Q3/20 Q4/20 Q1/21
Japan 0.01 0.01 0.01% 0.01 0.01 0.01 0.01
Japan 1M -0.15 0.00 0.00% 0.01 0.03 0.05 0.07
Japan 3M -0.12 0.01 -0.01% 0.01 0.02 0.04 0.05
Japan 6M -0.19 0.00 0.00% 0.02 0.03 0.05 0.07
Japan 52W -0.16 0.01 0.01% 0.01 0.02 0.03 0.05
Japan 2Y -0.16 0.01 0.01% 0.01 0.02 0.04 0.05
Japan 3Y -0.17 0.00 0.00% 0.01 0.03 0.04 0.06
Japan 5Y -0.12 0.01 0.01% 0.01 0.03 0.04 0.06
Japan 7Y -0.10 0.01 0.01% 0.01 0.02 0.03 0.05
Japan 20Y 0.35 0.02 0.02% 0.39 0.42 0.47 0.51
Japan 30Y 0.50 0.02 0.02% 0.55 0.59 0.65 0.70
Qatar 2.42 0.01 -0.01% 2.48 2.53 2.59 2.65
Israel 0.74 0.01 0.01% 0.78 0.82 0.86 0.90
China 52W 1.61 0.03 0.03% 1.63 1.66 1.68 1.71
Indonesia 1M 3.45 0.00 0.00% 3.51 3.58 3.65 3.72
Indonesia 3M 3.53 0.00 0.00% 3.60 3.67 3.74 3.82
Indonesia 6M 3.75 0.00 0.00% 3.83 3.90 3.98 4.06
Vietnam 3.15 0.01 -0.01% 3.18 3.22 3.26 3.30
China 20Y 3.36 0.01 -0.01% 3.39 3.43 3.46 3.50
South Korea 1.38 0.04 0.04% 1.41 1.45 1.48 1.52
South Korea 20Y 1.50 0.04 0.04% 1.54 1.57 1.61 1.65
South Korea 30Y 1.53 0.04 0.04% 1.57 1.61 1.65 1.69
South Korea 3Y 0.83 0.01 0.01% 0.85 0.87 0.89 0.91
South Korea 5Y 1.10 0.03 0.03% 1.13 1.16 1.19 1.22
Pakistan 8.25 0.02 -0.02% 8.35 8.44 8.54 8.64
Malaysia 2.95 0.01 -0.01% 2.98 3.01 3.04 3.06
China 3Y 1.91 0.00 0.00% 1.93 1.95 1.97 1.99
China 2Y 1.84 0.01 0.01% 1.86 1.88 1.91 1.93
China 7Y 2.69 0.04 0.04% 2.71 2.73 2.75 2.78
Indonesia 52W 4.89 0.00 0.00% 5.00 5.11 5.22 5.33
Indonesia 3Y 6.64 0.00 0.00% 6.71 6.77 6.84 6.91
Indonesia 5Y 7.13 0.00 0.00% 7.19 7.26 7.32 7.39
Indonesia 20Y 7.94 0.00 0.00% 8.00 8.06 8.12 8.18
Singapore 0.83 0.01 -0.01% 0.84 0.85 0.87 0.89
India 3M 3.27 0.04 0.04% 3.30 3.33 3.36 3.39
India 6M 3.43 0.01 -0.01% 3.46 3.49 3.51 3.54
Philippine 3.17 0.01 0.01% 3.21 3.26 3.31 3.36
Hong Kong 0.68 0.04 -0.04% 0.70 0.73 0.75 0.78
China 30Y 3.52 0.01 0.01% 3.54 3.56 3.59 3.61
Indonesia 30Y 8.11 0.00 0.00% 8.15 8.19 8.23 8.27
Indonesia 7.68 0.00 0.00% 7.74 7.80 7.87 7.93
Taiwan 0.49 0.01 -0.01% 0.50 0.51 0.52 0.53
China 2.71 0.01 -0.03% 2.73 2.75 2.77 2.80
China 5Y 2.24 0.01 -0.01% 2.26 2.28 2.31 2.33
Thailand 1.16 0.05 -0.05% 1.19 1.21 1.24 1.27
India 6.01 0.02 0.02% 6.07 6.13 6.18 6.24
India 52W 3.62 0.03 -0.03% 3.67 3.72 3.77 3.82
India 2Y 4.27 0.03 -0.03% 4.31 4.34 4.37 4.41
India 30Y 6.61 0.03 -0.03% 6.65 6.69 6.74 6.78
India 3Y 4.58 0.01 -0.01% 4.61 4.65 4.69 4.72
India 5Y 5.43 0.00 0.00% 5.48 5.53 5.58 5.64
India 7Y 5.93 0.01 0.01% 5.98 6.04 6.10 6.15
South Korea 52W 0.59 0.03 -0.03% 0.60 0.60 0.61 0.62
South Korea 2Y 0.76 0.03 -0.03% 0.78 0.79 0.81 0.83

Australia Yield Day Q2/20 Q3/20 Q4/20 Q1/21
New Zealand 0.85 0.07 0.07% 0.88 0.91 0.94 0.97
Australia 52W 0.29 0.01 0.01% 0.30 0.31 0.32 0.33
Australia 2Y 0.28 0.01 0.01% 0.29 0.31 0.32 0.33
Australia 3Y 0.27 0.01 0.01% 0.29 0.30 0.31 0.33
Australia 0.90 0.01 0.01% 0.94 0.98 1.02 1.06
Australia 20Y 1.51 0.02 0.02% 1.56 1.61 1.66 1.71
Australia 30Y 1.70 0.01 0.01% 1.75 1.80 1.85 1.90
Australia 5Y 0.40 0.00 0.00% 0.42 0.44 0.46 0.48
Australia 7Y 0.61 0.01 0.01% 0.64 0.67 0.70 0.73
New Zealand 2Y Bond Yield 1.05 0.00 0.00% 1.09 1.13 1.17 1.22

Africa Yield Day Q2/20 Q3/20 Q4/20 Q1/21
South Africa 3M 4.10 0.25 -0.25% 4.50 4.94 5.43 5.96
South Africa 20Y 10.91 0.10 0.10% 10.99 11.07 11.15 11.24
South Africa 8.90 0.04 -0.04% 9.00 9.10 9.20 9.31
South Africa 2Y 5.24 0.08 -0.08% 5.29 5.34 5.39 5.44
South Africa 30Y 10.93 0.09 0.09% 11.01 11.09 11.17 11.26
South Africa 5Y 7.65 0.03 -0.03% 7.76 7.89 8.01 8.13
Kenya 12.20 0.00 0.00% 12.41 12.63 12.85 13.08
Nigeria 10.82 0.22 -0.22% 10.97 11.11 11.26 11.42
Zambia Government Bond 10y 38.00 0.00 0.00% 39.12 40.28 41.46 42.69

TRADING ECONOMICS expects yields from Government Bonds to rise in 2020 on inflation concerns triggered by tight labour costs and high oil prices possibly caused by a rise in geopolitical tensions in the middle east. TRADING ECONOMICS provides forecasts for Bonds based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on May 30 of 2020. Please consider that while TRADING ECONOMICS forecasts for Bonds are made using our best efforts, they are not investment recommendations.