Major 10Y Yield Day Q1/21 Q2/21 Q3/21 Q4/21
US 1.50 0.02 -0.02% 1.53 1.57 1.62 1.67
UK 0.82 0.04 0.04% 0.85 0.91 0.98 1.06
Japan 0.17 0.03 0.03% 0.17 0.19 0.21 0.23
Germany -0.25 0.02 0.02% 0.03 0.06 0.09 0.12
Netherlands -0.18 0.05 0.05% 0.02 0.05 0.07 0.10
Switzerland -0.17 0.06 0.06% 0.02 0.05 0.07 0.10
New Zealand 1.92 0.02 0.02% 1.99 2.06 2.13 2.20
India 6.23 0.05 0.05% 6.29 6.35 6.41 6.46
Greece 1.12 0.00 0.00% 1.19 1.24 1.29 1.35
Spain 0.43 0.01 0.01% 0.57 0.62 0.68 0.75
Mexico 6.31 0.21 0.10% 6.38 6.44 6.51 6.58
Brazil 8.14 0.02 0.02% 8.25 8.36 8.47 8.58
Australia 1.77 0.05 0.05% 1.96 2.04 2.13 2.22
Italy 0.76 0.05 -0.05% 0.85 0.90 0.94 1.00
France -0.02 0.05 -0.05% 0.03 0.04 0.04 0.04
Portugal 0.31 0.06 -0.06% 0.41 0.45 0.49 0.54
Canada 1.43 0.04 -0.04% 1.53 1.59 1.66 1.73

United States Yield Day Q1/21 Q2/21 Q3/21 Q4/21
US 1.50 0.02 -0.02% 1.53 1.57 1.62 1.67
US 1M 0.03 0.00 0.00% 0.04 0.04 0.04 0.04
US 3M 0.04 0.00 0.00% 0.04 0.04 0.04 0.04
US 6M 0.06 0.01 -0.01% 0.06 0.06 0.06 0.06
US 52W 0.08 0.01 -0.01% 0.09 0.09 0.10 0.10
US 2Y 0.16 0.01 -0.01% 0.15 0.16 0.16 0.17
US 3Y 0.32 0.01 -0.01% 0.33 0.34 0.35 0.36
US 5Y 0.81 0.01 0.01% 0.80 0.82 0.85 0.88
US 7Y 1.21 0.02 0.02% 1.21 1.25 1.29 1.34
US 20Y 2.30 0.08 -0.08% 2.43 2.49 2.55 2.62
US 30Y 2.22 0.09 -0.09% 2.33 2.38 2.44 2.50

Europe Yield Day Q1/21 Q2/21 Q3/21 Q4/21
UK 0.82 0.04 0.04% 0.85 0.91 0.98 1.06
UK 1M 0.02 0.03 -0.03% 0.05 0.05 0.05 0.05
UK 3M 0.00 0.00 0.00% 0.01 0.01 0.01 0.01
UK 6M 0.04 0.00 -0.02% 0.04 0.05 0.05 0.05
UK 52W 0.05 0.02 0.02% 0.04 0.04 0.05 0.05
UK 3Y 0.18 0.01 -0.01% 0.22 0.24 0.26 0.28
UK 5Y 0.40 0.03 0.03% 0.41 0.45 0.49 0.54
UK 7Y 0.61 0.04 0.04% 0.64 0.71 0.78 0.85
UK 20Y 1.35 0.01 0.01% 1.40 1.47 1.53 1.60
UK 30Y 1.39 0.00 0.00% 1.45 1.51 1.57 1.64
Germany -0.25 0.02 0.02% 0.03 0.06 0.09 0.12
Germany 3M -0.60 0.03 -0.03% 0.03 0.06 0.09 0.12
Germany 6M -0.60 0.01 0.01% 0.03 0.06 0.09 0.12
Germany 52W -0.61 0.00 0.00% 0.02 0.04 0.07 0.09
Germany 2Y -0.65 0.00 0.00% 0.02 0.04 0.06 0.09
Germany 3Y -0.66 0.01 -0.01% 0.02 0.04 0.07 0.09
Germany 5Y -0.54 0.00 0.00% 0.03 0.06 0.09 0.12
Germany 7Y -0.46 0.01 -0.01% 0.04 0.08 0.13 0.18
Germany 30Y 0.19 0.07 -0.07% 0.28 0.30 0.33 0.37
France 30Y 0.73 0.07 -0.07% 0.86 0.93 0.99 1.06
Portugal 30Y 1.07 0.08 -0.08% 1.31 1.36 1.41 1.47
France -0.02 0.05 -0.05% 0.03 0.04 0.04 0.04
Portugal 0.31 0.06 -0.06% 0.41 0.45 0.49 0.54
Italy 20Y 1.27 0.06 -0.06% 1.37 1.42 1.46 1.51
Italy 30Y 1.68 0.06 -0.06% 1.79 1.84 1.89 1.94
Greece 20Y 1.54 0.02 -0.02% 1.59 1.63 1.67 1.71
Portugal 7Y 0.00 0.04 -0.04% 0.04 0.05 0.05 0.06
Italy 0.76 0.05 -0.05% 0.85 0.90 0.94 1.00
France 20Y 0.41 0.07 -0.07% 0.53 0.59 0.64 0.71
Portugal 20Y 0.73 0.07 -0.07% 0.96 1.01 1.06 1.12
Austria -0.03 0.05 -0.05% 0.01 0.01 0.02 0.02
Italy 5Y 0.15 0.02 -0.02% 0.22 0.24 0.27 0.29
Italy 7Y 0.44 0.03 -0.03% 0.51 0.55 0.59 0.64
Ireland 0.10 0.06 -0.06% 0.16 0.18 0.20 0.22
Denmark -0.09 0.03 -0.03% 0.01 0.02 0.03 0.04
Bulgaria 0.28 0.00 0.00% 0.30 0.31 0.33 0.35
Italy 1M -0.45 0.00 0.00% 0.04 0.09 0.15 0.21
Latvia 0.55 0.00 0.00% 0.55 0.55 0.55 0.55
Belgium 0.10 0.12 0.12% 0.11 0.12 0.13 0.14
Italy 52W -0.32 0.01 -0.01% 0.03 0.07 0.11 0.15
Italy 2Y -0.29 0.02 -0.02% 0.03 0.06 0.10 0.14
Italy 3M -0.45 0.00 0.00% 0.05 0.10 0.15 0.21
Italy 3Y -0.21 0.00 0.00% 0.02 0.04 0.07 0.10
France 1M -0.58 0.03 0.03% 0.04 0.08 0.13 0.18
France 52W -0.53 0.06 0.06% 0.02 0.04 0.07 0.09
France 2Y -0.61 0.03 -0.03% 0.02 0.04 0.06 0.08
France 3M -0.53 0.00 0.00% 0.02 0.04 0.06 0.08
France 3Y -0.54 0.01 -0.01% 0.02 0.04 0.07 0.09
France 5Y -0.38 0.01 -0.01% 0.04 0.08 0.12 0.17
France 6M -0.59 0.00 0.00% 0.02 0.04 0.05 0.07
France 7Y -0.20 0.00 0.00% 0.02 0.04 0.07 0.09
Greece 3M -0.11 0.00 -0.01% 0.01 0.02 0.04 0.05
Greece 6M -0.17 0.00 0.00% 0.02 0.04 0.06 0.08
Hungary 2.73 0.06 0.17% 2.90 3.01 3.13 3.25
Netherlands -0.18 0.05 0.05% 0.02 0.05 0.07 0.10
Finland -0.02 0.01 0.01% 0.00 0.01 0.01 0.01
Greece 1M 0.36 0.03 0.03% 0.36 0.40 0.44 0.48
Norway 1.47 0.09 -0.09% 1.60 1.66 1.71 1.77
Russia 3Y 5.26 0.23 0.23% 5.06 5.10 5.13 5.16
Czech Republic 1.68 0.02 0.02% 1.74 1.80 1.86 1.92
Greece 1.12 0.00 0.00% 1.19 1.24 1.29 1.35
Spain 0.43 0.01 0.01% 0.57 0.62 0.68 0.75
Sweden 0.42 0.04 -0.04% 0.39 0.43 0.48 0.53
Russia 20Y 7.04 0.02 0.02% 7.06 7.10 7.15 7.19
Russia 5Y 6.30 0.12 0.12% 6.23 6.28 6.33 6.38
Poland 1.61 0.02 0.02% 1.64 1.70 1.76 1.82
Russia 52W 4.50 0.07 -0.07% 4.64 4.70 4.77 4.84
Russia 2Y 5.08 0.03 0.03% 5.09 5.12 5.16 5.19
Russia 6.82 0.07 0.07% 6.80 6.85 6.91 6.96
Russia 7Y 6.59 0.11 0.11% 6.53 6.58 6.63 6.68
Croatia 0.75 0.00 0.01% 0.61 0.63 0.66 0.68
Iceland 3.59 0.00 0.00% 3.64 3.71 3.78 3.85
Lithuania 0.12 0.01 0.01% 0.12 0.13 0.14 0.15
Romania 3.48 0.01 -0.01% 3.54 3.59 3.65 3.71
Russia 1M 4.22 0.02 0.02% 4.21 4.22 4.24 4.25
Russia 3M 4.28 0.02 0.02% 4.27 4.28 4.29 4.30
Russia 6M 4.43 0.03 0.03% 4.41 4.42 4.44 4.45
Slovakia -0.04 0.07 -0.07% 0.00 0.01 0.01 0.02
Slovenia 0.22 0.02 0.02% 0.24 0.26 0.29 0.32
Turkey 13.02 0.15 0.15% 13.21 13.55 13.90 14.27
Portugal 52W -0.48 0.01 0.00% 0.02 0.05 0.07 0.10
Portugal 2Y -0.56 0.04 0.04% 0.04 0.09 0.13 0.18
Portugal 3M -0.46 0.02 0.02% 0.03 0.07 0.10 0.14
Portugal 3Y -0.47 0.03 0.03% 0.05 0.11 0.17 0.23
Portugal 5Y -0.02 0.21 0.21% 0.00 0.00 0.00 0.01
Portugal 6M -0.50 0.00 0.00% 0.03 0.07 0.11 0.15
Switzerland -0.17 0.06 0.06% 0.02 0.05 0.07 0.10
Switzerland 2Y Bond Yield -0.77 0.00 0.00% 0.04 0.08 0.12 0.16
UK 2Y 0.11 0.01 -0.01% 0.12 0.13 0.14 0.15
Turkey 2Y Bond Yield 14.37 0.00 0.00% 14.83 15.30 15.79 16.30
Finland 2Y Bond Yield -0.60 0.01 0.01% 0.03 0.06 0.08 0.12
Sweden 2Y Bond Yield -0.28 0.03 -0.03% 0.01 0.03 0.04 0.06
Spain 2Y Bond Yield -0.48 0.01 -0.01% 0.04 0.08 0.13 0.18
Netherlands 2Y Bond Yield -0.61 0.01 0.01% 0.02 0.04 0.06 0.09
Belgium 2Y Bond Yield -0.60 0.00 0.00% 0.02 0.05 0.07 0.10
Denmark 2Y Bond Yield -0.46 0.01 0.01% 0.03 0.07 0.11 0.15
Netherlands 3M -0.62 0.00 0.00% 0.03 0.06 0.09 0.13
Netherlands 6M -0.58 0.00 0.00% 0.02 0.05 0.07 0.10
Spain 3M -0.51 0.04 -0.04% 0.03 0.06 0.09 0.13
Spain 3Y -0.32 0.01 -0.01% 0.03 0.06 0.10 0.14
Spain 5Y -0.14 0.01 -0.01% 0.01 0.03 0.04 0.06
Spain 6M -0.49 0.14 -0.14% 0.02 0.05 0.08 0.10
Spain 52W -0.48 0.00 0.00% 0.02 0.05 0.07 0.10

America Yield Day Q1/21 Q2/21 Q3/21 Q4/21
US 1.50 0.02 -0.02% 1.53 1.57 1.62 1.67
US 1M 0.03 0.00 0.00% 0.04 0.04 0.04 0.04
US 3M 0.04 0.00 0.00% 0.04 0.04 0.04 0.04
US 6M 0.06 0.01 -0.01% 0.06 0.06 0.06 0.06
US 52W 0.08 0.01 -0.01% 0.09 0.09 0.10 0.10
US 2Y 0.16 0.01 -0.01% 0.15 0.16 0.16 0.17
US 3Y 0.32 0.01 -0.01% 0.33 0.34 0.35 0.36
US 5Y 0.81 0.01 0.01% 0.80 0.82 0.85 0.88
US 7Y 1.21 0.02 0.02% 1.21 1.25 1.29 1.34
US 20Y 2.30 0.08 -0.08% 2.43 2.49 2.55 2.62
US 30Y 2.22 0.09 -0.09% 2.33 2.38 2.44 2.50
Canada 1.43 0.04 -0.04% 1.53 1.59 1.66 1.73
Canada 20Y 1.65 0.03 -0.03% 1.72 1.77 1.83 1.89
Canada 2Y 0.32 0.01 -0.01% 0.34 0.35 0.36 0.37
Canada 30Y 1.84 0.08 -0.08% 1.98 2.04 2.10 2.17
Canada 5Y 0.95 0.00 0.00% 0.98 1.03 1.07 1.11
Canada 1M 0.13 0.01 0.01% 0.12 0.12 0.13 0.13
Canada 3Y 0.43 0.01 0.01% 0.44 0.46 0.47 0.49
Canada 7Y 1.01 0.01 -0.01% 1.05 1.09 1.14 1.18
Canada 3M 0.13 0.01 0.01% 0.12 0.12 0.12 0.12
Canada 6M 0.20 0.03 0.03% 0.17 0.17 0.17 0.18
Colombia 5.37 0.03 -0.03% 5.49 5.57 5.66 5.75
Canada 52W 0.20 0.02 -0.02% 0.21 0.22 0.22 0.22
Chile 3.21 0.07 0.03% 3.29 3.37 3.46 3.54
Brazil 5Y 7.21 0.16 0.16% 7.32 7.44 7.55 7.67
Mexico 6.31 0.21 0.10% 6.38 6.44 6.51 6.58
Peru 15Y 0.00 0.00 0.00% 5.43 5.43 5.43 5.43
Venezuela 10.43 0.00 0.00% 10.43 10.43 10.43 10.43
Brazil 8.14 0.02 0.02% 8.25 8.36 8.47 8.58
Brazil 3Y 6.68 0.03 0.03% 6.78 6.90 7.01 7.12
Brazil 52W 4.32 0.18 0.04% 4.20 4.25 4.31 4.37
Brazil 2Y 6.38 0.20 0.04% 6.26 6.36 6.45 6.54
Brazil 3M 2.22 0.07 0.01% 2.18 2.21 2.23 2.26
Brazil 6M 2.60 0.05 0.05% 2.57 2.60 2.62 2.65

Asia Yield Day Q1/21 Q2/21 Q3/21 Q4/21
Japan 0.17 0.03 0.03% 0.17 0.19 0.21 0.23
Japan 1M -0.10 0.00 0.00% 0.01 0.02 0.03 0.04
Japan 3M -0.10 0.00 0.00% 0.01 0.02 0.03 0.05
Japan 6M -0.12 0.00 0.00% 0.01 0.02 0.03 0.04
Japan 52W -0.11 0.01 0.01% 0.01 0.01 0.02 0.03
Japan 2Y -0.09 0.01 0.01% 0.01 0.01 0.02 0.03
Japan 3Y -0.08 0.01 0.01% 0.01 0.01 0.02 0.03
Japan 5Y -0.03 0.02 0.02% 0.00 0.01 0.01 0.02
Japan 7Y 0.04 0.03 0.03% 0.03 0.04 0.04 0.05
Japan 20Y 0.57 0.01 0.01% 0.61 0.67 0.74 0.81
Japan 30Y 0.77 0.03 0.03% 0.82 0.89 0.97 1.05
Thailand 1.65 0.08 0.08% 1.69 1.72 1.76 1.80
Israel 1.18 0.03 0.03% 1.24 1.30 1.36 1.43
China 20Y 3.80 0.00 0.00% 3.83 3.87 3.91 3.95
Indonesia 1M 2.98 0.00 0.00% 3.04 3.10 3.15 3.21
Indonesia 3M 3.15 0.00 0.00% 3.21 3.28 3.34 3.41
Indonesia 6M 3.22 0.00 0.00% 3.28 3.35 3.42 3.49
India 52W 4.07 0.02 0.01% 4.10 4.16 4.21 4.27
India 30Y 6.87 0.06 0.00% 6.85 6.90 6.94 6.99
Philippine 3.65 0.00 0.00% 3.70 3.76 3.82 3.87
Qatar 2.17 0.02 0.02% 2.22 2.27 2.32 2.37
Taiwan 0.29 0.00 0.00% 0.29 0.30 0.30 0.31
Vietnam 2.31 0.00 0.00% 2.34 2.36 2.39 2.42
South Korea 2Y 0.86 0.03 0.03% 0.88 0.90 0.92 0.94
Indonesia 52W 4.00 0.08 0.08% 4.09 4.18 4.27 4.36
South Korea 3Y 1.02 0.03 0.03% 1.04 1.07 1.09 1.12
South Korea 1.96 0.08 0.08% 2.01 2.06 2.11 2.17
South Korea 20Y 2.04 0.04 0.04% 2.09 2.15 2.20 2.25
South Korea 30Y 2.05 0.05 0.05% 2.10 2.16 2.21 2.26
South Korea 5Y 1.45 0.08 0.08% 1.49 1.53 1.56 1.61
Indonesia 30Y 7.29 0.08 0.08% 7.32 7.35 7.39 7.43
Indonesia 20Y 7.25 0.05 0.05% 7.31 7.37 7.42 7.48
Malaysia 3.10 0.11 0.11% 3.06 3.09 3.12 3.15
Indonesia 3Y 5.43 0.13 0.13% 5.48 5.54 5.59 5.65
Singapore 1.33 0.02 0.02% 1.37 1.39 1.42 1.45
China 5Y 3.07 0.00 0.00% 3.09 3.12 3.15 3.18
Indonesia 5Y 5.71 0.07 0.07% 5.75 5.80 5.85 5.91
Indonesia 6.60 0.06 0.06% 6.67 6.73 6.78 6.84
China 2Y 2.77 0.01 -0.01% 2.80 2.83 2.87 2.90
China 52W 2.70 0.03 0.03% 2.72 2.76 2.80 2.84
China 30Y 3.83 0.02 -0.02% 3.85 3.88 3.90 3.93
China 3Y 2.88 0.00 0.00% 2.90 2.93 2.96 2.99
China 7Y 3.27 0.00 0.00% 3.29 3.32 3.34 3.37
India 3M 3.17 0.01 -0.01% 3.20 3.23 3.25 3.28
India 6M 3.46 0.01 -0.01% 3.49 3.52 3.54 3.57
China 3.29 0.01 -0.01% 3.31 3.34 3.36 3.39
Pakistan 10.11 0.00 0.00% 10.22 10.34 10.46 10.59
Hong Kong 1.34 0.04 0.04% 1.37 1.42 1.47 1.52
India 6.23 0.05 0.05% 6.29 6.35 6.41 6.46
India 2Y 4.72 0.03 0.03% 4.80 4.83 4.87 4.91
India 3Y 5.05 0.05 0.04% 5.09 5.13 5.17 5.21
India 5Y 5.77 0.06 0.06% 5.85 5.90 5.96 6.02
India 7Y 6.37 0.06 0.06% 6.46 6.52 6.58 6.64
South Korea 52W 0.62 0.00 0.00% 0.62 0.63 0.64 0.65

Australia Yield Day Q1/21 Q2/21 Q3/21 Q4/21
New Zealand 1.92 0.02 0.02% 1.99 2.06 2.13 2.20
Australia 2Y 0.13 0.00 0.00% 0.13 0.14 0.14 0.15
Australia 3Y 0.13 0.02 -0.02% 0.14 0.14 0.15 0.16
Australia 52W 0.09 0.03 0.03% 0.09 0.09 0.09 0.10
Australia 1.77 0.05 0.05% 1.96 2.04 2.13 2.22
Australia 20Y 2.55 0.04 0.04% 2.72 2.81 2.90 2.99
Australia 5Y 0.82 0.09 0.09% 0.90 0.94 0.98 1.03
Australia 7Y 1.20 0.07 0.07% 1.35 1.41 1.48 1.55
Australia 30Y 2.76 0.01 0.01% 2.95 3.03 3.12 3.21
New Zealand 2Y Bond Yield 0.43 0.00 0.00% 0.45 0.47 0.48 0.50

Africa Yield Day Q1/21 Q2/21 Q3/21 Q4/21
South Africa 3M 4.62 0.72 0.72% 4.28 4.70 5.16 5.67
South Africa 30Y 10.74 0.05 -0.05% 10.98 11.06 11.14 11.23
South Africa 9.10 0.10 0.10% 9.22 9.33 9.44 9.54
South Africa 20Y 10.79 0.02 0.02% 10.93 11.01 11.09 11.17
South Africa 2Y 5.31 0.03 -0.03% 5.35 5.40 5.45 5.50
South Africa 5Y 7.40 0.09 0.09% 7.56 7.67 7.79 7.92
Kenya 12.43 0.23 0.23% 12.65 12.87 13.09 13.32
Nigeria 10.77 0.00 0.00% 10.91 11.06 11.21 11.36
Zambia 36.69 0.00 0.00% 37.77 38.89 40.03 41.21

TRADING ECONOMICS expects yields from Government Bonds to rise in 2021 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 February 26 of 2021. Please consider that while TRADING ECONOMICS forecasts for Bonds are made using our best efforts, they are not investment recommendations.