Major 10Y Yield Day Q1/20 Q2/20 Q3/20 Q4/20
US 1.68 0.06 -0.06% 1.87 1.93 1.98 2.05
UK 0.56 0.03 -0.03% 0.79 0.85 0.91 0.98
Japan -0.02 0.00 0.00% 0.00 0.00 0.01 0.01
Germany -0.37 0.02 -0.02% 0.03 0.06 0.09 0.13
Brazil 6.73 0.00 0.00% 6.82 6.91 7.00 7.10
France -0.08 0.01 0.02% 0.02 0.03 0.03 0.03
Greece 1.81 0.04 -0.03% 1.52 1.62 1.73 1.84
India 6.58 0.02 -0.02% 6.58 6.64 6.70 6.77
Mexico 6.78 0.02 -0.02% 6.88 6.96 7.04 7.11
Netherlands -0.24 0.02 -0.02% 0.01 0.03 0.05 0.06
New Zealand 1.48 0.05 -0.05% 1.66 1.72 1.77 1.83
Spain 0.35 0.01 -0.01% 0.42 0.46 0.51 0.56
Portugal 0.34 0.03 -0.03% 0.39 0.43 0.47 0.52
Switzerland -0.74 0.00 -0.01% 0.05 0.11 0.18 0.25
Australia 1.06 0.03 -0.03% 1.28 1.33 1.38 1.44
Italy 1.23 0.03 -0.03% 1.41 1.49 1.57 1.65
Canada 1.36 0.05 -0.05% 1.69 1.76 1.83 1.90

United States Yield Day Q1/20 Q2/20 Q3/20 Q4/20
US 1.68 0.06 -0.06% 1.87 1.93 1.98 2.05
US 1M 1.54 0.00 0.00% 1.56 1.59 1.63 1.66
US 3M 1.53 0.03 0.00% 1.55 1.58 1.60 1.62
US 6M 1.54 0.02 0.00% 1.59 1.62 1.64 1.66
US 52W 1.54 0.02 -0.02% 1.60 1.63 1.66 1.69
US 2Y 1.49 0.03 0.00% 1.59 1.64 1.69 1.75
US 3Y 1.47 0.04 -0.04% 1.61 1.66 1.72 1.78
US 5Y 1.50 0.05 -0.05% 1.67 1.72 1.78 1.85
US 7Y 1.60 0.06 -0.06% 1.79 1.85 1.91 1.97
US 20Y 2.17 0.04 -0.04% 2.40 2.46 2.52 2.58
US 30Y 2.13 0.05 -0.05% 2.33 2.38 2.44 2.50

Europe Yield Day Q1/20 Q2/20 Q3/20 Q4/20
UK 0.56 0.03 -0.03% 0.79 0.85 0.91 0.98
UK 1M 0.69 0.01 0.01% 0.76 0.79 0.82 0.86
UK 3M 0.69 0.01 0.01% 0.81 0.84 0.88 0.91
UK 6M 0.76 0.01 0.01% 0.75 0.77 0.80 0.82
UK 52W 0.50 0.01 0.01% 0.65 0.69 0.74 0.78
UK 3Y 0.38 0.00 0.00% 0.54 0.59 0.64 0.70
UK 5Y 0.39 0.01 -0.01% 0.60 0.66 0.72 0.78
UK 7Y 0.39 0.02 0.01% 0.60 0.66 0.73 0.80
UK 20Y 0.97 0.01 -0.01% 1.17 1.23 1.28 1.34
UK 30Y 1.06 0.01 -0.01% 1.26 1.32 1.37 1.43
Germany -0.37 0.02 -0.02% 0.03 0.06 0.09 0.13
Germany 3M -0.57 0.00 0.00% 0.04 0.07 0.11 0.16
Germany 6M -0.55 0.00 -0.02% 0.03 0.06 0.10 0.13
Germany 52W -0.59 0.00 0.01% 0.02 0.04 0.07 0.09
Germany 2Y -0.61 0.01 0.00% 0.02 0.04 0.06 0.08
Germany 3Y -0.63 0.01 -0.01% 0.02 0.04 0.06 0.08
Germany 5Y -0.58 0.02 -0.02% 0.03 0.06 0.10 0.13
Germany 7Y -0.50 0.01 -0.01% 0.04 0.08 0.13 0.18
Germany 30Y 0.19 0.02 -0.02% 0.26 0.29 0.32 0.35
Denmark -0.30 0.00 0.00% 0.02 0.05 0.08 0.11
Finland -0.14 0.02 -0.02% 0.01 0.01 0.02 0.03
Sweden 0.06 0.01 -0.01% 0.10 0.11 0.13 0.14
Spain 0.35 0.01 -0.01% 0.42 0.46 0.51 0.56
Portugal 0.34 0.03 -0.03% 0.39 0.43 0.47 0.52
Portugal 52W -0.45 0.00 0.00% 0.02 0.05 0.07 0.10
Portugal 20Y 0.86 0.02 -0.02% 0.98 1.03 1.08 1.14
Portugal 2Y -0.41 0.05 -0.05% 0.05 0.11 0.17 0.24
Portugal 30Y 1.19 0.02 -0.02% 1.32 1.37 1.42 1.48
Portugal 3M -0.46 0.03 -0.06% 0.05 0.10 0.15 0.21
Portugal 3Y -0.25 0.05 -0.05% 0.04 0.08 0.13 0.18
Portugal 5Y -0.06 0.05 -0.05% 0.02 0.03 0.05 0.07
Portugal 6M -0.42 0.00 0.00% 0.04 0.08 0.12 0.17
Portugal 7Y 0.08 0.03 -0.03% 0.13 0.15 0.16 0.18
Switzerland -0.74 0.00 -0.01% 0.05 0.11 0.18 0.25
Euro Area Government Bond 0.00 0.31 0.06% 0.41 0.45 0.49 0.54
Greece 1M 3.35 0.23 0.23% 2.15 2.36 2.60 2.85
Czech Republic 1.68 0.06 -0.06% 1.71 1.76 1.82 1.88
Bulgaria 0.40 0.00 0.00% 0.42 0.45 0.47 0.50
Croatia 0.64 0.00 0.00% 0.68 0.71 0.74 0.77
Austria -0.16 0.02 -0.02% 0.01 0.01 0.02 0.03
Belgium -0.10 0.02 -0.02% 0.00 0.00 0.00 0.00
Italy 1.23 0.03 -0.03% 1.41 1.49 1.57 1.65
Italy 1M -0.38 0.01 0.00% 0.05 0.10 0.15 0.21
Italy 52W -0.26 0.01 0.00% 0.02 0.04 0.07 0.10
Italy 20Y 1.92 0.02 -0.02% 2.12 2.18 2.26 2.33
Italy 2Y -0.05 0.01 -0.01% 0.01 0.01 0.02 0.03
Italy 30Y 2.30 0.02 -0.02% 2.49 2.56 2.63 2.70
Italy 3M -0.29 0.05 0.05% 0.03 0.07 0.11 0.16
Italy 3Y 0.02 0.01 0.03% 0.03 0.03 0.03 0.04
Italy 5Y 0.48 0.02 -0.02% 0.57 0.63 0.69 0.76
Italy 7Y 0.83 0.02 -0.02% 0.95 1.02 1.09 1.17
France -0.08 0.01 0.02% 0.02 0.03 0.03 0.03
France 1M -0.54 0.00 0.00% 0.05 0.11 0.18 0.25
France 52W -0.56 0.00 0.00% 0.02 0.05 0.07 0.10
France 20Y 0.42 0.01 -0.01% 0.56 0.61 0.68 0.74
France 2Y -0.58 0.01 -0.01% 0.02 0.04 0.07 0.09
France 30Y 0.75 0.01 0.02% 0.89 0.95 1.01 1.08
France 3M -0.55 0.00 0.00% 0.03 0.06 0.09 0.13
France 3Y -0.56 0.01 -0.01% 0.02 0.05 0.08 0.11
France 5Y -0.45 0.01 -0.01% 0.04 0.09 0.14 0.19
France 6M -0.55 0.00 -0.01% 0.02 0.04 0.06 0.09
France 7Y -0.29 0.01 -0.01% 0.02 0.05 0.07 0.10
Greece 1.81 0.04 -0.03% 1.52 1.62 1.73 1.84
Greece 20Y 2.07 0.01 0.01% 2.24 2.30 2.35 2.40
Greece 3M 1.20 0.02 0.08% 0.96 1.05 1.16 1.27
Greece 6M 0.34 0.00 0.00% 0.42 0.46 0.51 0.56
Hungary 2.16 0.11 -0.11% 2.21 2.30 2.38 2.47
Ireland -0.08 0.03 0.01% 0.05 0.05 0.05 0.06
Norway 1.38 0.01 -0.01% 1.47 1.52 1.57 1.62
Netherlands -0.24 0.02 -0.02% 0.01 0.03 0.05 0.06
Romania 4.30 0.00 0.00% 4.61 4.69 4.77 4.85
Iceland 3.23 0.02 -0.02% 3.59 3.66 3.72 3.79
Latvia 0.55 0.00 0.00% 0.55 0.55 0.55 0.55
Lithuania 0.38 0.00 0.00% 0.46 0.49 0.53 0.57
Poland 2.09 0.01 0.01% 2.19 2.32 2.46 2.60
Russia 6.22 0.02 0.01% 6.31 6.36 6.41 6.46
Russia 1M 6.05 0.00 0.00% 6.11 6.12 6.14 6.16
Russia 52W 5.43 0.01 -0.02% 5.02 5.08 5.14 5.20
Russia 20Y 6.62 0.02 -0.03% 6.84 6.88 6.93 6.97
Russia 2Y 5.60 0.02 -0.02% 5.68 5.72 5.76 5.80
Russia 3M 5.99 0.01 -0.01% 6.15 6.16 6.18 6.19
Russia 3Y 5.59 0.03 -0.03% 5.68 5.72 5.76 5.80
Russia 5Y 5.94 0.02 -0.02% 6.07 6.11 6.16 6.20
Russia 6M 5.97 0.00 0.00% 6.12 6.13 6.15 6.17
Russia 7Y 6.09 0.00 0.00% 6.21 6.26 6.30 6.35
Slovakia 0.02 0.03 -0.03% 0.10 0.11 0.12 0.13
Slovenia 0.19 0.02 -0.02% 0.24 0.26 0.29 0.32
Turkey 10.13 0.26 -0.26% 12.34 12.66 12.99 13.33
Turkey 2Y Bond Yield 9.86 0.03 0.04% 11.85 12.23 12.62 13.02
Netherlands 2Y Bond Yield -0.60 0.01 -0.01% 0.02 0.04 0.06 0.08
Belgium 2Y Bond Yield -0.57 0.01 -0.01% 0.02 0.05 0.07 0.10
Switzerland 2Y Bond Yield -0.74 0.01 -0.01% 0.03 0.07 0.11 0.15
United Kingdom 2Y Bond Yield 0.42 0.00 0.00% 0.59 0.63 0.68 0.73
Spain 2Y Bond Yield -0.45 0.03 -0.03% 0.04 0.08 0.13 0.18
Sweden 2Y Bond Yield -0.32 0.01 0.00% 0.01 0.03 0.05 0.06
Finland 2Y Bond Yield -0.59 0.02 -0.02% 0.03 0.05 0.08 0.11
Denmark 2Y Bond Yield -0.64 0.01 -0.01% 0.05 0.10 0.15 0.21
Spain 52W -0.42 0.00 0.00% 0.05 0.10 0.15 0.21
Spain 3M -0.46 0.00 0.01% 0.03 0.06 0.09 0.12
Spain 3Y -0.37 0.01 -0.01% 0.04 0.08 0.13 0.18
Spain 5Y -0.15 0.02 -0.02% 0.01 0.02 0.04 0.05
Spain 6M -0.40 0.00 0.00% 0.02 0.04 0.06 0.08
Netherlands 3M -0.58 0.00 0.00% 0.03 0.07 0.10 0.14
Netherlands 6M -0.58 0.01 -0.01% 0.03 0.06 0.09 0.12

America Yield Day Q1/20 Q2/20 Q3/20 Q4/20
US 1.68 0.06 -0.06% 1.87 1.93 1.98 2.05
US 1M 1.54 0.00 0.00% 1.56 1.59 1.63 1.66
US 3M 1.53 0.03 0.00% 1.55 1.58 1.60 1.62
US 6M 1.54 0.02 0.00% 1.59 1.62 1.64 1.66
US 52W 1.54 0.02 -0.02% 1.60 1.63 1.66 1.69
US 2Y 1.49 0.03 0.00% 1.59 1.64 1.69 1.75
US 3Y 1.47 0.04 -0.04% 1.61 1.66 1.72 1.78
US 5Y 1.50 0.05 -0.05% 1.67 1.72 1.78 1.85
US 7Y 1.60 0.06 -0.06% 1.79 1.85 1.91 1.97
US 20Y 2.17 0.04 -0.04% 2.40 2.46 2.52 2.58
US 30Y 2.13 0.05 -0.05% 2.33 2.38 2.44 2.50
Venezuela 10.43 0.00 0.00% 10.43 10.43 10.43 10.43
Canada 20Y 1.47 0.00 0.00% 1.76 1.81 1.86 1.92
Canada 7Y 1.38 0.00 0.00% 1.69 1.76 1.83 1.90
Chile 3.35 0.03 0.05% 3.19 3.26 3.34 3.42
Colombia 5.73 0.04 -0.01% 6.20 6.31 6.41 6.52
Canada 1.36 0.05 -0.05% 1.69 1.76 1.83 1.90
Canada 1M 1.63 0.02 -0.01% 1.67 1.69 1.72 1.74
Canada 52W 1.63 0.01 -0.01% 1.77 1.79 1.82 1.85
Canada 2Y 1.49 0.03 0.00% 1.72 1.77 1.83 1.89
Canada 30Y 1.49 0.06 -0.06% 1.75 1.80 1.85 1.91
Canada 3M 1.64 0.00 0.00% 1.66 1.68 1.69 1.70
Canada 3Y 1.47 0.03 0.00% 1.71 1.77 1.83 1.90
Canada 5Y 1.39 0.04 -0.04% 1.69 1.76 1.83 1.90
Canada 6M 1.65 0.00 0.00% 1.72 1.74 1.75 1.76
Brazil 6.73 0.00 0.00% 6.82 6.91 7.00 7.10
Brazil 52W 4.50 0.01 -0.01% 4.45 4.51 4.57 4.63
Brazil 2Y 4.87 0.01 0.01% 5.18 5.26 5.33 5.41
Brazil 3M 4.25 0.01 -0.01% 4.64 4.70 4.76 4.82
Brazil 3Y 5.18 0.00 0.00% 5.52 5.61 5.69 5.78
Brazil 5Y 6.20 0.02 -0.02% 6.42 6.52 6.62 6.73
Brazil 6M 4.21 0.02 0.01% 4.41 4.46 4.50 4.54
Mexico 6.78 0.02 -0.02% 6.88 6.96 7.04 7.11
Peru 15Y 0.00 0.00 0.00% 5.43 5.43 5.43 5.43

Asia Yield Day Q1/20 Q2/20 Q3/20 Q4/20
Japan -0.02 0.00 0.00% 0.00 0.00 0.01 0.01
Japan 1M -0.11 0.00 0.00% 0.02 0.03 0.05 0.07
Japan 3M -0.13 0.00 0.00% 0.01 0.02 0.03 0.05
Japan 6M -0.14 0.00 -0.01% 0.01 0.02 0.04 0.05
Japan 52W -0.13 0.00 0.01% 0.01 0.02 0.03 0.04
Japan 2Y -0.13 0.00 0.00% 0.01 0.02 0.03 0.04
Japan 3Y -0.14 0.00 0.00% 0.01 0.02 0.04 0.05
Japan 5Y -0.12 0.00 0.00% 0.01 0.02 0.04 0.05
Japan 7Y -0.12 0.00 0.00% 0.01 0.02 0.04 0.05
Japan 20Y 0.27 0.00 0.00% 0.31 0.34 0.37 0.41
Japan 30Y 0.41 0.01 -0.01% 0.45 0.49 0.53 0.58
South Korea 1.71 0.00 0.00% 1.59 1.63 1.67 1.71
South Korea 52W 1.32 0.00 -0.01% 1.33 1.35 1.37 1.39
South Korea 20Y 1.73 0.01 0.01% 1.64 1.67 1.71 1.75
South Korea 2Y 1.41 0.00 -0.01% 1.31 1.34 1.37 1.39
South Korea 30Y 1.70 0.01 0.01% 1.62 1.66 1.70 1.74
South Korea 3Y 1.42 0.00 0.00% 1.30 1.32 1.35 1.38
South Korea 5Y 1.54 0.01 0.01% 1.39 1.43 1.46 1.49
Thailand 1.39 0.03 -0.03% 1.46 1.49 1.53 1.56
Singapore 1.66 0.01 -0.01% 1.79 1.82 1.86 1.89
Malaysia 3.17 0.01 -0.01% 3.33 3.36 3.39 3.42
Philippine 4.70 0.09 -0.09% 4.49 4.56 4.62 4.69
Pakistan 11.08 0.00 0.00% 11.15 11.29 11.42 11.55
Qatar 2.58 0.01 -0.01% 2.59 2.65 2.71 2.77
Taiwan 0.64 0.00 0.00% 0.68 0.70 0.71 0.72
Vietnam 3.11 0.00 -0.01% 3.41 3.44 3.47 3.51
China 52W 2.29 0.06 -0.06% 2.52 2.56 2.60 2.64
China 20Y 3.46 0.01 0.00% 3.57 3.61 3.64 3.68
China 2Y 2.55 0.03 -0.03% 2.69 2.73 2.76 2.79
China 30Y 3.59 0.06 -0.06% 3.79 3.81 3.84 3.86
China 3Y 2.55 0.07 -0.07% 2.72 2.75 2.78 2.81
China 5Y 2.75 0.07 -0.07% 2.91 2.93 2.96 2.99
China 7Y 2.95 0.03 -0.03% 3.11 3.13 3.16 3.18
Israel 0.88 0.00 0.00% 0.83 0.87 0.91 0.95
China 3.07 0.00 0.02% 3.22 3.24 3.27 3.30
Hong Kong 1.57 0.02 -0.02% 1.80 1.86 1.92 1.99
Indonesia 6.62 0.06 -0.06% 7.13 7.19 7.25 7.31
Indonesia 1M 4.09 0.00 0.00% 4.77 4.85 4.93 5.00
Indonesia 52W 5.26 0.21 0.21% 5.12 5.21 5.30 5.39
Indonesia 20Y 7.30 0.03 -0.03% 7.59 7.64 7.70 7.76
Indonesia 30Y 7.52 0.01 -0.01% 7.71 7.75 7.79 7.83
Indonesia 3M 4.65 0.00 0.00% 4.89 4.95 5.02 5.08
Indonesia 3Y 5.65 0.08 -0.08% 6.26 6.31 6.37 6.42
Indonesia 5Y 6.00 0.01 -0.01% 6.44 6.50 6.55 6.61
Indonesia 6M 4.24 0.00 -0.61% 5.15 5.23 5.30 5.38
India 6.58 0.02 -0.02% 6.58 6.64 6.70 6.77
India 52W 5.45 0.02 0.02% 5.64 5.71 5.77 5.84
India 2Y 5.70 0.04 -0.04% 5.80 5.85 5.89 5.94
India 30Y 7.12 0.01 -0.01% 7.14 7.19 7.24 7.29
India 3M 5.12 0.00 0.01% 5.04 5.09 5.13 5.17
India 3Y 6.23 0.02 -0.02% 6.34 6.39 6.44 6.49
India 5Y 6.38 0.02 -0.02% 6.43 6.49 6.56 6.62
India 6M 5.20 0.00 -0.01% 5.23 5.27 5.32 5.36
India 7Y 6.83 0.02 -0.02% 6.88 6.94 7.01 7.08

Australia Yield Day Q1/20 Q2/20 Q3/20 Q4/20
New Zealand 1.48 0.05 -0.05% 1.66 1.72 1.77 1.83
Australia 1.06 0.03 -0.03% 1.28 1.33 1.38 1.44
Australia 52W 0.84 0.00 0.02% 0.92 0.95 0.98 1.01
Australia 20Y 1.48 0.03 -0.03% 1.71 1.76 1.81 1.86
Australia 2Y 0.74 0.02 -0.02% 0.84 0.88 0.91 0.95
Australia 30Y 1.67 0.02 -0.02% 1.90 1.95 2.00 2.06
Australia 3Y 0.71 0.02 -0.02% 0.82 0.86 0.90 0.94
Australia 5Y 0.77 0.03 -0.03% 0.92 0.96 1.01 1.05
Australia 7Y 0.88 0.03 -0.03% 1.07 1.11 1.16 1.21
New Zealand 2Y Bond Yield 1.05 0.00 0.00% 0.90 0.92 0.95 0.98

Africa Yield Day Q1/20 Q2/20 Q3/20 Q4/20
South Africa 9.01 0.01 0.01% 8.33 8.39 8.46 8.53
South Africa 20Y 10.06 0.01 0.01% 10.12 10.20 10.28 10.35
South Africa 2Y 6.89 0.08 -0.08% 6.84 6.91 6.99 7.06
South Africa 30Y 10.16 0.02 0.02% 10.17 10.25 10.33 10.40
South Africa 5Y 8.10 0.04 -0.03% 7.32 7.38 7.45 7.51
Nigeria 10.89 0.00 0.00% 11.71 11.86 12.00 12.16
South Africa 3M 6.00 0.00 0.00% 7.22 7.94 8.73 9.60
Kenya 12.10 0.00 -0.33% 12.41 12.62 12.83 13.05
Zambia Government Bond 10y 32.50 0.00 0.00% 33.46 34.45 35.47 36.52

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 January 3 of 2020. Please consider that while TRADING ECONOMICS forecasts for Bonds are made using our best efforts, they are not investment recommendations.