Major 10Y Yield Day Q2/21 Q3/21 Q4/21 Q1/22
US 1.6454 0.01 0.01% 1.6631 1.7147 1.7678 1.8226
UK 0.8660 0.01 0.01% 0.9250 0.9960 1.0725 1.1548
Japan 0.0820 0.00 0.00% 0.0825 0.0908 0.0998 0.1098
Germany -0.1090 0.01 0.01% 0.0139 0.0292 0.0460 0.0645
France 0.2940 0.03 0.03% 0.2728 0.3001 0.3301 0.3631
Netherlands 0.0520 0.19 0.19% 0.0209 0.0230 0.0253 0.0278
Spain 0.6210 0.03 0.03% 0.6336 0.6970 0.7667 0.8433
Portugal 0.6280 0.03 0.03% 0.6413 0.7054 0.7760 0.8536
Australia 1.7260 0.01 -0.01% 1.7675 1.8431 1.9221 2.0043
India 5.9720 0.01 -0.01% 6.0265 6.0827 6.1394 6.1961
Switzerland -0.0850 0.11 0.11% 0.0140 0.0294 0.0463 0.0650
Greece 1.0980 0.03 0.03% 1.1133 1.1616 1.2120 1.2646
Brazil 9.4350 9.44 9.44% 9.5605 9.6879 9.8162 9.9473
New Zealand 1.9080 1.91 1.91% 1.9747 2.0416 2.1109 2.1826
Italy 1.1116 0.04 0.04% 1.1166 1.1782 1.2433 1.3120
Mexico 6.8250 0.03 -0.03% 6.9270 6.9996 7.0730 7.1477
Canada 1.5770 0.01 0.01% 1.6285 1.6968 1.7678 1.8418

United States Yield Day Q2/21 Q3/21 Q4/21 Q1/22
US 1.6454 0.01 0.01% 1.6631 1.7147 1.7678 1.8226
US 1M 0.0051 0.00 0.00% 0.0155 0.0159 0.0162 0.0166
US 3M 0.0101 0.00 0.00% 0.0180 0.0182 0.0185 0.0187
US 6M 0.0304 0.00 0.00% 0.0308 0.0312 0.0317 0.0321
US 52W 0.0482 0.00 0.00% 0.0492 0.0501 0.0511 0.0521
US 2Y 0.1551 0.00 0.00% 0.1498 0.1546 0.1596 0.1647
US 3Y 0.3314 0.00 0.00% 0.3295 0.3411 0.3531 0.3655
US 5Y 0.8323 0.02 0.02% 0.8230 0.8519 0.8818 0.9128
US 7Y 1.2936 0.01 0.01% 1.3011 1.3442 1.3886 1.4346
US 20Y 2.4630 0.03 0.03% 2.4813 2.5430 2.6064 2.6713
US 30Y 2.3597 0.00 0.00% 2.3819 2.4389 2.4971 2.5568

Europe Yield Day Q2/21 Q3/21 Q4/21 Q1/22
UK 0.8660 0.01 0.01% 0.9250 0.9960 1.0725 1.1548
UK 1M 0.0260 0.01 0.01% 0.0178 0.0186 0.0194 0.0203
UK 3M 0.0560 0.02 -0.02% 0.0725 0.0763 0.0802 0.0843
UK 6M 0.1120 0.04 0.04% 0.0755 0.0781 0.0808 0.0836
UK 52W 0.0400 0.01 0.01% 0.0245 0.0262 0.0279 0.0298
UK 3Y 0.1830 0.00 0.00% 0.1998 0.2182 0.2383 0.2602
UK 5Y 0.3890 0.00 0.00% 0.4153 0.4552 0.4988 0.5467
UK 7Y 0.6340 0.01 0.01% 0.6710 0.7381 0.8119 0.8931
UK 20Y 1.3800 0.01 0.01% 1.4275 1.4929 1.5613 1.6328
UK 30Y 1.4020 0.01 0.01% 1.4400 1.5014 1.5655 1.6325
Germany -0.1090 0.01 0.01% 0.0139 0.0292 0.0460 0.0645
Germany 3M -0.6260 0.00 0.00% 0.0312 0.0640 0.0983 0.1345
Germany 6M -0.6300 0.00 0.00% 0.0296 0.0605 0.0929 0.1269
Germany 52W -0.6220 0.00 0.00% 0.0225 0.0459 0.0700 0.0951
Germany 2Y -0.6530 0.00 0.00% 0.0206 0.0418 0.0638 0.0863
Germany 3Y -0.6560 0.00 0.00% 0.0217 0.0442 0.0674 0.0913
Germany 5Y -0.5070 0.01 0.01% 0.0277 0.0568 0.0874 0.1197
Germany 7Y -0.2870 0.01 0.01% 0.0278 0.0580 0.0909 0.1267
Germany 30Y 0.4500 0.01 0.01% 0.4631 0.5094 0.5604 0.6164
Czech Republic 1.8060 0.01 0.01% 1.8607 1.9233 1.9881 2.0552
Denmark 0.1750 0.02 0.02% 0.1771 0.1948 0.2143 0.2357
Finland 0.1310 0.02 0.02% 0.1023 0.1125 0.1238 0.1362
France 0.2940 0.03 0.03% 0.2728 0.3001 0.3301 0.3631
France 20Y 0.7281 0.02 0.02% 0.7556 0.8311 0.9143 1.0057
France 30Y 1.0837 0.03 0.03% 1.1116 1.1897 1.2734 1.3630
France 3Y -0.5257 0.01 0.01% 0.0222 0.0452 0.0693 0.0943
France 5Y -0.3180 0.01 0.01% 0.0342 0.0718 0.1132 0.1587
France 7Y -0.0852 0.02 0.02% 0.0121 0.0253 0.0399 0.0560
Netherlands 0.0520 0.19 0.19% 0.0209 0.0230 0.0253 0.0278
Spain 0.6210 0.03 0.03% 0.6336 0.6970 0.7667 0.8433
Portugal 0.6280 0.03 0.03% 0.6413 0.7054 0.7760 0.8536
Portugal 20Y 0.9890 0.02 0.02% 0.9974 1.0483 1.1017 1.1579
Portugal 2Y -0.4780 0.01 0.01% 0.0341 0.0705 0.1094 0.1510
Portugal 30Y 1.5750 0.03 0.03% 1.5913 1.6529 1.7169 1.7832
Portugal 3Y -0.4400 0.02 0.02% 0.0464 0.0974 0.1536 0.2153
Portugal 5Y -0.1260 0.02 0.02% 0.0164 0.0344 0.0543 0.0761
Portugal 7Y 0.2050 0.03 0.03% 0.1760 0.1936 0.2130 0.2343
France 2Y -0.5891 0.01 0.01% 0.0202 0.0412 0.0628 0.0851
Austria 0.1580 0.02 0.02% 0.1320 0.1452 0.1597 0.1757
Belgium 0.2650 0.09 0.09% 0.2497 0.2747 0.3021 0.3324
Italy 1.1116 0.04 0.04% 1.1166 1.1782 1.2433 1.3120
Italy 20Y 1.8210 0.04 0.04% 1.8338 1.8955 1.9594 2.0256
Italy 5Y 0.3310 0.02 0.02% 0.3190 0.3509 0.3860 0.4246
Italy 7Y 0.6700 0.03 0.03% 0.6735 0.7258 0.7821 0.8428
Greece 20Y 1.4690 0.04 0.04% 1.4537 1.4871 1.5213 1.5563
Ireland 0.3350 0.03 0.03% 0.3146 0.3461 0.3807 0.4187
Italy 30Y 2.1140 0.04 0.04% 2.1195 2.1807 2.2438 2.3086
Italy 3Y -0.0300 0.02 0.02% 0.0060 0.0126 0.0199 0.0278
Italy 52W -0.4250 0.00 0.00% 0.0445 0.0935 0.1473 0.2065
Portugal 52W -0.6220 0.01 -0.01% 0.0285 0.0584 0.0897 0.1225
France 3M -0.6300 0.00 0.00% 0.0221 0.0450 0.0687 0.0932
France 1M -0.6050 0.02 0.02% 0.0410 0.0847 0.1312 0.1808
Switzerland -0.0850 0.11 0.11% 0.0140 0.0294 0.0463 0.0650
Russia 7Y 6.9100 0.03 0.03% 6.9330 6.9866 7.0403 7.0947
Greece 1.0980 0.03 0.03% 1.1133 1.1616 1.2120 1.2646
Portugal 6M -0.5160 0.00 0.00% 0.0358 0.0740 0.1149 0.1586
Italy 2Y -0.1930 0.02 0.02% 0.0219 0.0460 0.0725 0.1016
Portugal 3M -0.5490 0.03 -0.03% 0.0343 0.0708 0.1097 0.1511
Russia 52W 5.6900 0.03 0.03% 5.7415 5.8241 5.9079 5.9934
Russia 3Y 6.3500 0.02 0.02% 6.3711 6.4123 6.4541 6.4965
Russia 2Y 5.9700 0.05 0.05% 5.9620 6.0047 6.0473 6.0899
Russia 20Y 7.2700 0.01 0.01% 7.3036 7.3471 7.3914 7.4357
Russia 5Y 6.7100 0.02 -0.02% 6.7838 6.8384 6.8929 6.9481
Russia 7.1600 0.01 0.01% 7.2051 7.2608 7.3166 7.3731
Hungary 3.2200 0.08 0.08% 3.2618 3.3884 3.5199 3.6565
Greece 3M -0.1500 0.00 0.00% 0.0148 0.0311 0.0490 0.0687
France 52W -0.6190 0.62 -0.62% 0.0231 0.0470 0.0718 0.0975
Greece 6M -0.2660 0.27 -0.27% 0.0159 0.0334 0.0526 0.0738
Sweden 0.4580 0.00 0.00% 0.4862 0.5348 0.5883 0.6471
Italy 1M -0.5250 0.03 -0.03% 0.0505 0.1061 0.1672 0.2344
Russia 1M 4.8600 0.00 0.00% 4.8736 4.8872 4.9008 4.9144
Russia 3M 5.1800 0.02 -0.02% 5.2130 5.2260 5.2390 5.2520
Russia 6M 5.5500 0.06 -0.06% 5.6251 5.6403 5.6554 5.6706
France 6M -0.6250 0.63 -0.63% 0.0184 0.0373 0.0568 0.0768
Italy 3M -0.5070 0.03 -0.03% 0.0477 0.1002 0.1579 0.2214
Poland 1.9910 0.09 0.09% 1.9725 2.0436 2.1171 2.1934
Latvia 0.5490 0.00 0.00% 0.5490 0.5490 0.5490 0.5490
Norway 1.4819 0.01 -0.01% 1.5318 1.5834 1.6368 1.6920
Bulgaria 0.2200 0.00 0.00% 0.2330 0.2467 0.2612 0.2766
Greece 1M 0.0000 0.00 0.00% 0.0103 0.0216 0.0341 0.0478
Croatia 0.5520 0.00 0.00% 0.5863 0.6095 0.6335 0.6585
Iceland 3.9810 0.00 0.00% 4.0543 4.1287 4.2047 4.2824
Lithuania 0.1310 0.07 -0.07% 0.2150 0.2310 0.2483 0.2669
Romania 3.3500 0.02 -0.02% 3.3328 3.3866 3.4410 3.4965
Slovakia 0.0560 0.03 0.02% 0.0616 0.0678 0.0745 0.0820
Slovenia 0.2570 0.02 -0.02% 0.2827 0.3110 0.3421 0.3763
Turkey 17.4600 0.00 0.00% 17.9157 18.3836 18.8638 19.3562
Turkey 2Y Bond Yield 17.6600 0.00 0.00% 18.2251 18.8079 19.4101 20.0317
Netherlands 2Y Bond Yield -0.6645 0.01 -0.01% 0.0221 0.0450 0.0686 0.0930
Sweden 2Y Bond Yield -0.2610 0.00 0.00% 0.0123 0.0252 0.0387 0.0528
Spain 2Y Bond Yield -0.4890 0.08 -0.08% 0.0395 0.0821 0.1282 0.1780
Switzerland 2Y Bond Yield -0.7530 0.00 0.00% 0.0364 0.0746 0.1147 0.1566
UK 2Y 0.0990 0.02 0.02% 0.1068 0.1152 0.1242 0.1339
Belgium 2Y Bond Yield -0.6227 0.00 0.00% 0.0239 0.0488 0.0745 0.1013
Denmark 2Y Bond Yield -0.4080 0.10 0.10% 0.0291 0.0603 0.0936 0.1294
Finland 2Y Bond Yield -0.6390 0.03 -0.03% 0.0281 0.0574 0.0881 0.1201
Netherlands 3M -0.6210 0.00 0.00% 0.0300 0.0615 0.0945 0.1290
Spain 52W -0.5180 0.00 0.00% 0.0238 0.0487 0.0747 0.1020
Spain 3M -0.5560 0.56 -0.56% 0.0333 0.0686 0.1060 0.1457
Spain 3Y -0.3270 0.00 0.00% 0.0359 0.0754 0.1188 0.1666
Netherlands 6M -0.6300 0.00 0.00% 0.0251 0.0512 0.0782 0.1065
Spain 6M -0.5240 0.02 0.02% 0.0261 0.0535 0.0822 0.1124
Spain 5Y -0.1120 0.01 0.01% 0.0138 0.0290 0.0457 0.0640

America Yield Day Q2/21 Q3/21 Q4/21 Q1/22
US 1.6454 0.01 0.01% 1.6631 1.7147 1.7678 1.8226
US 1M 0.0051 0.00 0.00% 0.0155 0.0159 0.0162 0.0166
US 3M 0.0101 0.00 0.00% 0.0180 0.0182 0.0185 0.0187
US 6M 0.0304 0.00 0.00% 0.0308 0.0312 0.0317 0.0321
US 52W 0.0482 0.00 0.00% 0.0492 0.0501 0.0511 0.0521
US 2Y 0.1551 0.00 0.00% 0.1498 0.1546 0.1596 0.1647
US 3Y 0.3314 0.00 0.00% 0.3295 0.3411 0.3531 0.3655
US 5Y 0.8323 0.02 0.02% 0.8230 0.8519 0.8818 0.9128
US 7Y 1.2936 0.01 0.01% 1.3011 1.3442 1.3886 1.4346
US 20Y 2.4630 0.03 0.03% 2.4813 2.5430 2.6064 2.6713
US 30Y 2.3597 0.00 0.00% 2.3819 2.4389 2.4971 2.5568
Canada 3M 0.0850 0.01 -0.01% 0.0907 0.0914 0.0921 0.0928
Canada 2Y 0.3320 0.00 0.00% 0.3408 0.3520 0.3636 0.3755
Brazil 52W 5.5100 0.02 0.02% 5.5692 5.6445 5.7203 5.7978
Brazil 2Y 7.5500 0.03 -0.03% 7.6899 7.8013 7.9143 8.0295
Brazil 3M 3.7340 0.01 0.01% 3.7672 3.8152 3.8636 3.9127
Brazil 3Y 7.9400 0.03 -0.03% 8.0956 8.2286 8.3633 8.5002
Brazil 6M 4.3750 0.01 0.01% 4.4065 4.4484 4.4907 4.5331
Canada 6M 0.1180 0.01 -0.01% 0.1310 0.1319 0.1329 0.1339
Canada 52W 0.1850 0.01 0.01% 0.2946 0.2992 0.3039 0.3086
Canada 1M 0.1400 0.04 0.04% 0.1015 0.1030 0.1046 0.1061
Brazil 9.4350 9.44 9.44% 9.5605 9.6879 9.8162 9.9473
Brazil 5Y 8.3250 8.33 8.33% 8.4549 8.5864 8.7204 8.8570
Chile 3.8100 0.03 0.03% 3.9049 4.0020 4.1018 4.2040
Peru 15Y 0.0000 0.00 0.00% 5.4250 5.4250 5.4250 5.4250
Venezuela 10.4290 0.00 0.00% 10.4290 10.4290 10.4290 10.4290
Colombia 7.2310 0.00 0.00% 7.3460 7.4631 7.5817 7.7017
Canada 5Y 0.9540 0.01 0.01% 0.9871 1.0277 1.0701 1.1142
Canada 3Y 0.5390 0.01 0.01% 0.5493 0.5682 0.5877 0.6079
Mexico 6.8250 0.03 -0.03% 6.9270 6.9996 7.0730 7.1477
Canada 1.5770 0.01 0.01% 1.6285 1.6968 1.7678 1.8418
Canada 20Y 2.0240 0.00 0.00% 2.0876 2.1522 2.2186 2.2870
Canada 30Y 2.1990 0.01 0.01% 2.2552 2.3243 2.3959 2.4694
Canada 7Y 1.2370 0.01 0.01% 1.2768 1.3275 1.3801 1.4349

Asia Yield Day Q2/21 Q3/21 Q4/21 Q1/22
Japan 0.0820 0.00 0.00% 0.0825 0.0908 0.0998 0.1098
Japan 1M -0.0750 0.03 0.03% 0.0100 0.0210 0.0331 0.0464
Japan 3M -0.0900 0.01 0.01% 0.0100 0.0210 0.0331 0.0464
Japan 6M -0.1000 0.01 0.01% 0.0087 0.0182 0.0284 0.0395
Japan 52W -0.1150 0.01 0.01% 0.0080 0.0165 0.0256 0.0353
Japan 2Y -0.1150 0.01 0.01% 0.0091 0.0189 0.0294 0.0406
Japan 3Y -0.1200 0.01 0.01% 0.0105 0.0219 0.0342 0.0474
Japan 5Y -0.0870 0.01 0.01% 0.0099 0.0207 0.0326 0.0456
Japan 7Y -0.0300 0.00 0.00% 0.0038 0.0080 0.0126 0.0176
Japan 20Y 0.4500 0.01 0.01% 0.4840 0.5324 0.5856 0.6442
Japan 30Y 0.6650 0.01 0.01% 0.7075 0.7700 0.8380 0.9121
Indonesia 6.4410 0.04 0.04% 6.4868 6.5402 6.5936 6.6476
India 3M 3.4000 0.01 0.01% 3.4094 3.4392 3.4689 3.4993
India 6M 3.5500 0.04 -0.04% 3.5986 3.6275 3.6564 3.6857
China 7Y 3.0820 0.01 -0.01% 3.1060 3.1304 3.1547 3.1794
China 5Y 2.9430 0.01 0.01% 2.9694 2.9970 3.0250 3.0529
Thailand 1.6500 0.02 -0.02% 1.6818 1.7195 1.7580 1.7975
China 3.1480 0.02 -0.02% 3.1715 3.1973 3.2231 3.2492
China 52W 2.5700 0.03 0.03% 2.6052 2.6430 2.6812 2.7203
China 2Y 2.7250 0.00 0.00% 2.7592 2.7916 2.8246 2.8579
China 30Y 3.6650 0.01 0.01% 3.6918 3.7157 3.7399 3.7645
China 3Y 2.7670 0.03 0.03% 2.7879 2.8160 2.8445 2.8732
Pakistan 9.5150 0.00 0.00% 9.6283 9.7407 9.8549 9.9700
Hong Kong 1.2220 0.00 0.00% 1.2541 1.2976 1.3427 1.3892
India 5.9720 0.01 -0.01% 6.0265 6.0827 6.1394 6.1961
India 52W 3.7860 0.00 0.00% 3.8931 3.9450 3.9972 4.0506
India 2Y 4.3370 0.16 -0.16% 4.3700 4.4034 4.4368 4.4701
India 30Y 6.8340 0.01 0.01% 6.8922 6.9374 6.9833 7.0298
India 3Y 4.7190 0.00 0.00% 4.7750 4.8124 4.8498 4.8877
India 5Y 5.5550 0.02 -0.02% 5.6285 5.6826 5.7372 5.7924
India 7Y 6.1660 0.02 -0.02% 6.2351 6.2937 6.3530 6.4123
South Korea 52W 0.6520 0.01 -0.01% 0.6718 0.6806 0.6896 0.6987
Singapore 1.5410 0.00 0.00% 1.5392 1.5669 1.5952 1.6239
Israel 1.2760 0.01 -0.01% 1.3398 1.4068 1.4771 1.5510
Philippine 4.0490 0.00 0.00% 4.1101 4.1721 4.2353 4.2992
Qatar 2.2150 0.00 0.00% 2.2648 2.3158 2.3678 2.4212
Taiwan 0.3850 0.00 0.00% 0.3922 0.3995 0.4070 0.4146
Vietnam 2.3780 0.00 0.00% 2.4063 2.4348 2.4638 2.4933
Indonesia 1M 3.1500 0.00 0.00% 3.2092 3.2697 3.3311 3.3935
Indonesia 6M 3.2600 0.00 0.00% 3.3255 3.3924 3.4605 3.5303
Indonesia 3M 3.1500 0.02 -0.02% 3.2136 3.2785 3.3447 3.4124
Indonesia 3Y 5.0320 0.01 0.01% 5.0813 5.1311 5.1815 5.2323
Indonesia 20Y 7.1390 0.00 0.00% 7.1918 7.2454 7.2989 7.3525
Indonesia 5Y 5.5680 0.02 0.02% 5.6170 5.6666 5.7161 5.7668
South Korea 2Y 0.9150 0.02 -0.02% 0.9341 0.9536 0.9736 0.9940
South Korea 20Y 2.2320 0.02 -0.02% 2.2869 2.3432 2.4007 2.4599
South Korea 2.1170 0.04 -0.04% 2.1710 2.2264 2.2832 2.3414
South Korea 3Y 1.1070 0.01 -0.01% 1.1324 1.1583 1.1848 1.2119
South Korea 30Y 2.2250 0.03 -0.03% 2.2797 2.3358 2.3932 2.4522
South Korea 5Y 1.6240 0.03 -0.03% 1.6661 1.7093 1.7534 1.7989
China 20Y 3.6500 0.00 0.00% 3.6876 3.7256 3.7639 3.8026
Indonesia 52W 3.6830 0.00 0.00% 3.7775 3.8589 3.9417 4.0264
Indonesia 30Y 7.1930 0.01 0.01% 7.2280 7.2639 7.3006 7.3373
Malaysia 3.1620 0.02 0.02% 3.1891 3.2185 3.2482 3.2779

Australia Yield Day Q2/21 Q3/21 Q4/21 Q1/22
New Zealand 1.9080 1.91 1.91% 1.9747 2.0416 2.1109 2.1826
Australia 52W 0.0670 0.01 -0.01% 0.0692 0.0714 0.0738 0.0762
Australia 2Y 0.0900 0.00 0.00% 0.0959 0.0999 0.1041 0.1085
Australia 3Y 0.1000 0.00 0.00% 0.1026 0.1075 0.1125 0.1179
Australia 5Y 0.8620 0.01 -0.01% 0.8961 0.9380 0.9819 1.0279
Australia 7Y 1.2040 0.00 0.00% 1.2349 1.2912 1.3500 1.4116
Australia 1.7260 0.01 -0.01% 1.7675 1.8431 1.9221 2.0043
Australia 20Y 2.4810 0.02 -0.02% 2.5233 2.6021 2.6834 2.7671
Australia 30Y 2.7080 0.00 0.00% 2.7543 2.8317 2.9113 2.9930
New Zealand 2Y Bond Yield 0.3380 0.00 0.00% 0.3509 0.3644 0.3784 0.3928

Africa Yield Day Q2/21 Q3/21 Q4/21 Q1/22
South Africa 3M 5.2000 0.15 0.15% 5.4790 6.0159 6.6058 7.2530
South Africa 2Y 4.8100 0.03 0.03% 4.8492 4.8939 4.9391 4.9842
South Africa 20Y 10.8550 0.01 0.01% 10.9152 10.9964 11.0777 11.1590
South Africa 9.1250 0.02 0.02% 9.1936 9.2982 9.4045 9.5118
South Africa 30Y 10.8500 0.03 0.03% 10.8900 10.9711 11.0521 11.1332
South Africa 5Y 7.4100 0.01 0.01% 7.5002 7.6169 7.7358 7.8569
Kenya 12.8010 0.00 0.00% 13.0250 13.2529 13.4846 13.7214
Nigeria 13.2390 0.07 -0.07% 13.4917 13.6741 13.8578 14.0455
Zambia 35.0000 0.00 0.00% 36.0325 37.0965 38.1885 39.3155

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 May 17 of 2021. Please consider that while TRADING ECONOMICS forecasts for Bonds are made using our best efforts, they are not investment recommendations.