Global Government Bond Yields

🌐 Global Government Bond Yields — Live Interactive Chart

10-year benchmark yields across 10 major economies. US data live from US Treasury. Toggle countries, switch periods and tenors, analyze market impact.

🟢 US: Live — US Treasury API 🟡 Others: Weekly Updated Static

Loading US data from fiscaldata.treasury.gov...

⚠️ US live data could not load. Showing last known values for all countries.

📅 Period: 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years Max (10 Years) 📊 Tenor: 10-Year 2-Year Spread (10Y−2Y)

🟢 US = Live from US Treasury (EOD)  |  🟡 All others = last known values, updated weekly by author  |  Hover for exact values

📋 Yield Snapshot & Curve Status

Country	10Y Yield	2Y Yield	Spread	1M Chg	YTD Chg	Source	Curve

📖 Bond Yield Theory

What is a Bond Yield?

Bond yield = annual return if bond held to maturity. Moves inversely to bond price. When demand rises → price up → yield down.

10-Year yield = global benchmark for growth, inflation & central bank policy expectations. US 10Y Treasury is the world's "risk-free rate."

Yield Curve = 10Y minus 2Y spread. Normal = upward slope. Inverted (2Y > 10Y) = recession signal — has preceded every US recession since 1960.

Spread (10Y−2Y): Positive = normal economy. Near zero = flat/uncertain. Negative = inverted = danger zone.

⚡ Market Impact

↑ Yields Rising

Stock market pressure

Higher discount rate compresses P/E ratios. Tech/growth stocks hit hardest. Defensive & value stocks relatively outperform. Bond prices fall.

↓ Yields Falling

Equity rally & bond gains

Lower discount rate boosts DCF values. Growth stocks re-rate sharply. REITs, infra, dividend stocks surge. Bond prices rise.

↑ US Yields Rise → USD Strengthens

Currency & EM pressure

Capital flows to higher yield. USD strengthens. EM currencies (INR, BRL) weaken. Import costs rise. EM central banks forced to hike.

⚠️ Inverted Curve (Spread < 0)

Classic recession signal

Banks borrow short, lend long — inversion crushes margins. Credit tightens. 100% track record preceding US recessions since 1960.

📊 Asset Class Impact Table

Asset Class	↑ Yields Rise	↓ Yields Fall	Key Market
Equities (broad)	Bearish — P/E compression	Bullish — higher valuations	US S&P 500
Tech / Growth	Very bearish — DCF crushed	Very bullish — DCF surges	Nasdaq, IN IT
Banks	Short-term bullish — NIM widens	Bearish — margin squeeze	EU, US banks
Real Estate / REITs	Bearish — mortgage costs rise	Bullish — financing cheaper	AU, US, IT
Gold	Mixed — strong USD headwind	Bullish — lower opp. cost	USD inverse
USD / DXY	Bullish — capital inflows	Bearish — capital outflows	US-world spread
EM Currencies	Bearish — capital flight	Bullish — carry trade	INR, BRL, TRY
Corporate Bonds	Bearish — spreads widen	Bullish — issuance surges	US, EU IG
Govt Bond Prices	Bearish — price falls (inverse)	Bullish — bond rally	JP, DE volatile
Crypto / BTC	Bearish — risk-off, tighter liquidity	Bullish — risk-on, loose money	US rate env.
Commodities	Mixed — USD offset	Bullish — USD weak + growth	CN demand → AU

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