Major 10Y Yield Day Q4/20 Q1/21 Q2/21 Q3/21
US 0.94 0.01 0.01% 0.98 1.01 1.04 1.07
UK 0.26 0.03 -0.03% 0.28 0.30 0.32 0.35
Japan 0.02 0.00 0.00% 0.02 0.02 0.03 0.03
Germany -0.56 0.02 0.00% 0.05 0.11 0.18 0.25
France -0.33 0.04 -0.02% 0.03 0.06 0.10 0.14
Netherlands -0.54 0.02 0.00% 0.05 0.11 0.17 0.24
Switzerland -0.52 0.01 0.05% 0.05 0.11 0.17 0.24
India 5.93 0.00 0.00% 5.98 6.04 6.09 6.15
Greece 0.65 0.01 -0.01% 0.67 0.70 0.73 0.76
Italy 0.51 0.06 -0.05% 0.60 0.63 0.66 0.70
Mexico 5.25 0.01 -0.04% 5.30 5.35 5.41 5.46
Spain 0.06 0.04 -0.06% 0.11 0.12 0.13 0.14
Portugal 0.04 0.05 -0.06% 0.10 0.11 0.13 0.14
Brazil 7.12 0.02 0.04% 7.19 7.29 7.39 7.49
New Zealand 1.02 0.04 0.04% 1.01 1.05 1.08 1.12
Canada 0.72 0.01 -0.01% 0.75 0.78 0.81 0.85
Australia 0.97 0.02 -0.02% 1.04 1.08 1.13 1.18

United States Yield Day Q4/20 Q1/21 Q2/21 Q3/21
US 0.94 0.01 0.01% 0.98 1.01 1.04 1.07
US 1M 0.09 0.00 0.01% 0.08 0.08 0.09 0.09
US 3M 0.10 0.00 0.00% 0.09 0.09 0.09 0.09
US 6M 0.10 0.00 0.00% 0.10 0.10 0.10 0.10
US 52W 0.10 0.00 0.00% 0.10 0.10 0.10 0.10
US 2Y 0.13 0.00 0.00% 0.13 0.13 0.14 0.14
US 3Y 0.17 0.00 0.00% 0.18 0.19 0.19 0.20
US 5Y 0.38 0.02 0.02% 0.39 0.40 0.42 0.43
US 7Y 0.65 0.00 0.00% 0.69 0.71 0.73 0.76
US 20Y 1.61 0.00 0.00% 1.65 1.69 1.73 1.78
US 30Y 1.68 0.01 0.01% 1.73 1.77 1.82 1.86

Europe Yield Day Q4/20 Q1/21 Q2/21 Q3/21
UK 0.26 0.03 -0.03% 0.28 0.30 0.32 0.35
UK 1M -0.04 0.00 0.00% 0.00 0.00 0.01 0.01
UK 3M -0.03 0.00 0.00% 0.00 0.00 0.00 0.01
UK 6M -0.02 0.00 0.01% 0.00 0.00 0.00 0.00
UK 52W 0.00 0.07 0.07% 0.00 0.01 0.01 0.02
UK 3Y -0.08 0.02 -0.02% 0.01 0.01 0.02 0.03
UK 5Y -0.05 0.00 0.00% 0.00 0.01 0.01 0.02
UK 7Y 0.07 0.00 0.00% 0.08 0.08 0.09 0.10
UK 20Y 0.76 0.04 -0.04% 0.80 0.83 0.87 0.91
UK 30Y 0.87 0.14 0.14% 0.90 0.94 0.98 1.02
Germany -0.56 0.02 0.00% 0.05 0.11 0.18 0.25
Germany 3M -0.72 0.00 0.00% 0.04 0.07 0.11 0.16
Germany 6M -0.74 0.01 -0.01% 0.03 0.07 0.11 0.15
Germany 52W -0.73 0.06 0.01% 0.02 0.05 0.07 0.10
Germany 2Y -0.70 0.01 -0.01% 0.02 0.04 0.07 0.09
Germany 3Y -0.75 0.01 0.00% 0.02 0.05 0.08 0.10
Germany 5Y -0.73 0.01 0.00% 0.04 0.08 0.12 0.16
Germany 7Y -0.67 0.02 0.00% 0.06 0.12 0.19 0.26
Germany 30Y -0.15 0.01 0.00% 0.01 0.03 0.05 0.07
Italy 1M -0.70 0.00 0.00% 0.07 0.15 0.23 0.33
Italy 52W -0.46 0.03 -0.03% 0.01 0.01 0.01 0.01
Italy 2Y -0.47 0.06 -0.06% 0.04 0.09 0.14 0.19
Italy 3M -0.62 0.05 0.00% 0.06 0.12 0.19 0.27
Italy 3Y -0.42 0.05 -0.05% 0.04 0.08 0.12 0.17
Italy 5Y -0.11 0.04 0.00% 0.01 0.02 0.02 0.03
Austria -0.40 0.01 0.01% 0.04 0.08 0.13 0.19
Belgium -0.38 0.03 -0.03% 0.03 0.07 0.12 0.16
Bulgaria 0.40 0.00 0.00% 0.42 0.45 0.47 0.50
Greece 1M 0.00 0.28 0.28% 0.03 0.06 0.09 0.13
France -0.33 0.04 -0.02% 0.03 0.06 0.10 0.14
France 1M -0.92 0.09 -0.20% 0.05 0.11 0.17 0.24
France 52W -0.60 0.00 0.00% 0.02 0.05 0.07 0.10
France 2Y -0.66 0.00 -0.02% 0.02 0.05 0.07 0.09
France 3M -0.73 0.05 -0.05% 0.02 0.05 0.08 0.10
France 3Y -0.72 0.03 -0.03% 0.03 0.06 0.09 0.12
France 5Y -0.63 0.02 -0.01% 0.06 0.13 0.20 0.28
France 6M -0.66 0.05 -0.05% 0.02 0.04 0.06 0.08
France 7Y -0.54 0.02 -0.02% 0.05 0.11 0.17 0.24
Greece 3M -0.15 0.00 0.00% 0.01 0.03 0.05 0.07
Greece 6M -0.12 0.00 0.00% 0.01 0.02 0.04 0.05
Hungary 2.16 0.00 0.00% 2.24 2.33 2.42 2.52
Ireland -0.26 0.02 -0.02% 0.02 0.05 0.08 0.11
Netherlands -0.54 0.02 0.00% 0.05 0.11 0.17 0.24
Denmark -0.42 0.01 -0.01% 0.05 0.10 0.16 0.22
Portugal 52W -0.60 0.01 0.00% 0.03 0.06 0.09 0.12
Portugal 2Y -0.69 0.04 -0.04% 0.05 0.09 0.15 0.20
Portugal 3M -0.60 0.00 0.00% 0.04 0.08 0.13 0.17
Portugal 3Y -0.58 0.01 -0.01% 0.06 0.12 0.19 0.27
Portugal 5Y -0.42 0.01 -0.02% 0.04 0.09 0.14 0.19
Portugal 6M -0.63 0.02 -0.02% 0.04 0.09 0.14 0.19
Portugal 7Y -0.22 0.03 -0.03% 0.02 0.04 0.06 0.09
Switzerland -0.52 0.01 0.05% 0.05 0.11 0.17 0.24
Sweden 0.03 0.02 0.03% 0.01 0.01 0.01 0.02
Russia 5Y 5.46 0.01 0.01% 5.49 5.54 5.58 5.63
Norway 0.98 0.01 -0.01% 1.02 1.05 1.09 1.13
Russia 20Y 6.48 0.01 0.01% 6.51 6.55 6.59 6.63
Russia 5.97 0.04 0.04% 5.98 6.02 6.07 6.12
Russia 52W 4.06 0.14 -0.14% 4.26 4.32 4.38 4.45
Russia 7Y 5.73 0.02 -0.02% 5.79 5.84 5.88 5.93
Russia 2Y 4.49 0.01 0.01% 4.51 4.54 4.58 4.61
Poland 1.24 0.04 0.00% 1.32 1.37 1.42 1.47
Greece 0.65 0.01 -0.01% 0.67 0.70 0.73 0.76
Czech Republic 1.26 0.03 0.03% 1.31 1.35 1.40 1.44
Russia 3Y 4.72 0.14 0.17% 4.61 4.64 4.67 4.70
Italy 30Y 1.41 0.04 -0.04% 1.49 1.54 1.58 1.63
France 30Y 0.38 0.01 -0.01% 0.41 0.44 0.48 0.51
France 20Y 0.11 0.01 -0.01% 0.13 0.14 0.16 0.17
Italy 0.51 0.06 -0.05% 0.60 0.63 0.66 0.70
Italy 20Y 1.05 0.05 -0.04% 1.13 1.17 1.21 1.25
Italy 7Y 0.10 0.04 -0.04% 0.16 0.17 0.18 0.19
Greece 20Y 1.02 0.00 0.00% 1.04 1.06 1.09 1.11
Spain 0.06 0.04 -0.06% 0.11 0.12 0.13 0.14
Portugal 0.04 0.05 -0.06% 0.10 0.11 0.13 0.14
Portugal 20Y 0.43 0.03 -0.04% 0.46 0.49 0.51 0.54
Portugal 30Y 0.76 0.02 -0.04% 0.81 0.84 0.87 0.90
Finland -0.40 0.00 -0.87% 0.12 0.26 0.41 0.57
Iceland 3.22 0.00 0.00% 3.29 3.35 3.41 3.47
Lithuania 0.00 0.04 -0.04% 0.04 0.04 0.05 0.05
Latvia 0.55 0.00 0.00% 0.55 0.55 0.55 0.55
Romania 3.11 0.00 0.00% 3.16 3.21 3.26 3.32
Russia 1M 4.16 0.00 0.00% 4.17 4.18 4.19 4.21
Russia 3M 4.19 0.00 0.00% 4.20 4.21 4.22 4.23
Russia 6M 4.22 0.00 0.00% 4.23 4.24 4.25 4.27
Slovakia -0.47 0.02 -0.01% 0.05 0.10 0.15 0.21
Slovenia -0.14 0.01 -0.01% 0.01 0.03 0.05 0.06
Turkey 12.46 0.03 0.00% 12.75 13.09 13.43 13.78
Croatia 0.72 0.00 0.00% 0.74 0.77 0.80 0.83
Turkey 2Y Bond Yield 14.50 0.13 0.03% 14.90 15.38 15.87 16.38
UK 2Y -0.08 0.02 0.02% 0.01 0.02 0.03 0.04
Spain 2Y Bond Yield -0.62 0.02 -0.02% 0.05 0.10 0.15 0.21
Switzerland 2Y Bond Yield -0.78 0.01 -0.01% 0.04 0.08 0.12 0.16
Denmark 2Y Bond Yield -0.52 0.07 0.07% 0.04 0.09 0.14 0.20
Finland 2Y Bond Yield -0.70 0.03 0.03% 0.03 0.06 0.10 0.13
Sweden 2Y Bond Yield -0.39 0.02 0.02% 0.02 0.03 0.05 0.07
Netherlands 2Y Bond Yield -0.69 0.01 0.01% 0.02 0.05 0.07 0.10
Belgium 2Y Bond Yield -0.68 0.03 -0.03% 0.03 0.05 0.08 0.11
Netherlands 3M -0.81 0.03 0.03% 0.04 0.09 0.13 0.18
Netherlands 6M -0.72 0.05 -0.05% 0.03 0.05 0.08 0.11
Spain 52W -0.60 0.03 0.03% 0.03 0.06 0.09 0.12
Spain 3M -0.71 0.04 0.04% 0.05 0.09 0.15 0.20
Spain 3Y -0.56 0.02 -0.02% 0.06 0.12 0.19 0.27
Spain 5Y -0.50 0.03 -0.01% 0.05 0.10 0.15 0.21
Spain 6M -0.57 0.00 0.00% 0.03 0.06 0.09 0.12

America Yield Day Q4/20 Q1/21 Q2/21 Q3/21
US 0.94 0.01 0.01% 0.98 1.01 1.04 1.07
US 1M 0.09 0.00 0.01% 0.08 0.08 0.09 0.09
US 3M 0.10 0.00 0.00% 0.09 0.09 0.09 0.09
US 6M 0.10 0.00 0.00% 0.10 0.10 0.10 0.10
US 52W 0.10 0.00 0.00% 0.10 0.10 0.10 0.10
US 2Y 0.13 0.00 0.00% 0.13 0.13 0.14 0.14
US 3Y 0.17 0.00 0.00% 0.18 0.19 0.19 0.20
US 5Y 0.38 0.02 0.02% 0.39 0.40 0.42 0.43
US 7Y 0.65 0.00 0.00% 0.69 0.71 0.73 0.76
US 20Y 1.61 0.00 0.00% 1.65 1.69 1.73 1.78
US 30Y 1.68 0.01 0.01% 1.73 1.77 1.82 1.86
Brazil 2Y 4.42 0.05 -0.04% 4.53 4.60 4.67 4.74
Colombia 4.88 0.02 0.02% 4.96 5.04 5.12 5.20
Canada 52W 0.17 0.00 0.00% 0.18 0.18 0.18 0.19
Canada 1M 0.08 0.03 -0.03% 0.08 0.08 0.08 0.08
Canada 6M 0.14 0.01 -0.01% 0.14 0.14 0.14 0.14
Canada 3M 0.10 0.01 0.01% 0.10 0.10 0.10 0.10
Canada 2Y 0.22 0.01 -0.01% 0.23 0.23 0.24 0.25
Canada 3Y 0.29 0.01 0.01% 0.30 0.31 0.32 0.33
Canada 5Y 0.43 0.00 0.00% 0.45 0.47 0.49 0.51
Canada 7Y 0.45 0.00 0.00% 0.47 0.49 0.51 0.53
Canada 0.72 0.01 -0.01% 0.75 0.78 0.81 0.85
Canada 20Y 0.98 0.02 -0.02% 1.01 1.05 1.08 1.11
Canada 30Y 1.27 0.02 -0.02% 1.30 1.34 1.39 1.43
Chile 2.85 0.01 0.01% 2.93 3.00 3.08 3.16
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 52W 2.94 0.04 0.04% 2.94 2.98 3.02 3.07
Brazil 3Y 5.52 0.08 0.08% 5.53 5.62 5.71 5.81
Mexico 5.25 0.01 -0.04% 5.30 5.35 5.41 5.46
Brazil 7.12 0.02 0.04% 7.19 7.29 7.39 7.49
Brazil 3M 2.07 0.04 0.03% 2.06 2.09 2.11 2.14
Brazil 5Y 5.64 0.06 0.08% 5.67 5.76 5.85 5.94
Brazil 6M 2.15 0.02 0.05% 2.15 2.17 2.19 2.21

Asia Yield Day Q4/20 Q1/21 Q2/21 Q3/21
Japan 0.02 0.00 0.00% 0.02 0.02 0.03 0.03
Japan 1M -0.12 0.00 0.00% 0.01 0.02 0.04 0.05
Japan 3M -0.10 0.00 0.00% 0.01 0.02 0.03 0.05
Japan 6M -0.10 0.00 0.00% 0.01 0.02 0.03 0.04
Japan 52W -0.13 0.00 0.00% 0.01 0.02 0.03 0.04
Japan 2Y -0.12 0.01 0.01% 0.01 0.02 0.03 0.04
Japan 3Y -0.13 0.00 0.00% 0.01 0.02 0.03 0.05
Japan 5Y -0.11 0.00 0.00% 0.01 0.02 0.04 0.05
Japan 7Y -0.09 0.00 0.00% 0.01 0.02 0.03 0.04
Japan 20Y 0.40 0.00 0.00% 0.44 0.48 0.53 0.58
Japan 30Y 0.65 0.00 0.00% 0.70 0.76 0.83 0.91
Indonesia 5.93 0.17 -0.17% 6.10 6.15 6.20 6.25
China 20Y 3.78 0.00 0.00% 3.82 3.86 3.90 3.94
Indonesia 52W 3.87 0.06 -0.06% 4.27 4.36 4.46 4.55
Indonesia 3Y 4.97 0.08 -0.08% 5.03 5.08 5.12 5.18
Indonesia 20Y 6.52 0.02 -0.02% 6.56 6.61 6.66 6.71
China 3Y 2.86 0.00 0.00% 2.88 2.91 2.94 2.97
Indonesia 5Y 5.17 0.16 -0.16% 5.31 5.35 5.40 5.45
South Korea 3Y 0.97 0.01 0.01% 0.98 1.00 1.03 1.05
China 2Y 2.78 0.01 -0.01% 2.83 2.86 2.90 2.93
China 5Y 3.01 0.01 0.01% 3.01 3.04 3.07 3.10
South Korea 1.71 0.03 0.02% 1.72 1.77 1.81 1.86
China 52W 2.72 0.04 -0.04% 2.85 2.89 2.93 2.97
China 30Y 3.78 0.02 -0.02% 3.82 3.84 3.87 3.89
China 3.20 0.08 -0.08% 3.23 3.26 3.28 3.31
China 7Y 3.18 0.00 0.00% 3.21 3.23 3.26 3.28
South Korea 5Y 1.33 0.01 0.01% 1.35 1.39 1.42 1.46
South Korea 20Y 1.82 0.01 0.01% 1.85 1.89 1.94 1.99
South Korea 30Y 1.82 0.01 0.01% 1.85 1.89 1.94 1.99
Singapore 0.85 0.00 -0.01% 0.86 0.88 0.89 0.91
Malaysia 2.69 0.00 0.00% 2.72 2.74 2.77 2.79
Philippine 3.02 0.00 -0.01% 3.07 3.12 3.16 3.21
Pakistan 9.93 0.00 0.00% 10.05 10.17 10.29 10.41
Qatar 1.66 0.02 -0.02% 1.74 1.78 1.82 1.86
Taiwan 0.32 0.00 0.00% 0.29 0.29 0.30 0.30
Vietnam 2.32 0.02 0.02% 2.33 2.36 2.39 2.42
Thailand 1.17 0.03 -0.03% 1.23 1.25 1.28 1.31
India 3M 3.12 0.01 -0.01% 3.17 3.19 3.22 3.25
India 6M 3.35 0.03 -0.03% 3.40 3.42 3.45 3.48
India 5.93 0.00 0.00% 5.98 6.04 6.09 6.15
India 52W 3.88 0.05 0.05% 3.85 3.90 3.96 4.01
India 2Y 3.88 0.01 -0.01% 3.92 3.95 3.98 4.01
India 30Y 6.56 0.01 -0.01% 6.61 6.65 6.70 6.74
India 3Y 4.46 0.02 0.02% 4.49 4.53 4.56 4.60
India 5Y 5.13 0.01 -0.01% 5.18 5.23 5.28 5.33
India 7Y 5.77 0.01 -0.01% 5.82 5.88 5.93 5.99
South Korea 2Y 0.89 0.01 0.01% 0.90 0.92 0.94 0.96
South Korea 52W 0.64 0.00 0.00% 0.65 0.65 0.66 0.67
Israel 0.80 0.03 0.02% 0.80 0.84 0.89 0.93
Hong Kong 0.74 0.00 0.04% 0.77 0.79 0.82 0.85
Indonesia 1M 3.25 0.00 0.00% 3.31 3.37 3.44 3.50
Indonesia 30Y 7.00 0.04 0.00% 7.02 7.06 7.09 7.13
Indonesia 3M 3.30 0.00 0.00% 3.37 3.43 3.50 3.57
Indonesia 6M 3.53 0.00 0.00% 3.60 3.67 3.74 3.82

Australia Yield Day Q4/20 Q1/21 Q2/21 Q3/21
New Zealand 1.02 0.04 0.04% 1.01 1.05 1.08 1.12
Australia 2Y 0.08 0.00 -0.01% 0.09 0.09 0.10 0.10
Australia 20Y 1.61 0.03 -0.03% 1.69 1.74 1.79 1.85
Australia 5Y 0.34 0.01 -0.01% 0.37 0.39 0.41 0.43
Australia 30Y 1.96 0.03 -0.03% 2.05 2.11 2.17 2.23
Australia 3Y 0.11 0.00 0.00% 0.12 0.13 0.13 0.14
Australia 7Y 0.61 0.02 -0.02% 0.65 0.68 0.71 0.75
Australia 52W 0.03 0.00 0.00% 0.03 0.03 0.03 0.03
Australia 0.97 0.02 -0.02% 1.04 1.08 1.13 1.18
New Zealand 2Y Bond Yield 0.29 0.02 0.02% 0.29 0.30 0.31 0.32

Africa Yield Day Q4/20 Q1/21 Q2/21 Q3/21
South Africa 3M 5.50 0.50 -0.50% 6.59 7.23 7.94 8.72
South Africa 5Y 6.75 0.01 -0.01% 6.87 6.98 7.09 7.20
South Africa 2Y 4.66 0.02 -0.02% 4.72 4.76 4.81 4.85
South Africa 8.77 0.01 -0.01% 8.86 8.96 9.06 9.17
South Africa 20Y 10.73 0.01 -0.01% 10.82 10.91 10.99 11.07
South Africa 30Y 10.70 0.02 -0.02% 10.80 10.88 10.97 11.05
Nigeria 6.57 0.16 0.16% 6.66 6.75 6.84 6.94
Kenya 11.70 0.00 0.00% 11.90 12.11 12.32 12.54
Zambia 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 December 28 of 2020. Please consider that while TRADING ECONOMICS forecasts for Bonds are made using our best efforts, they are not investment recommendations.