Compare 10-year government bond yields across major economies, track yield changes, and explore historical trends using official data
Compare government bond yields across 43 countries and the EU / euro-area aggregates
Monthly long-term government bond yields, generally around 10-year maturity. Completed months only; not live market quotes.
More economiesView additional economies
United States
Selected series: definition & comparison limits
OECD long-term interest rates generally refer to government bonds around ten-year maturity and are generally averages of daily rates. National benchmark selection, historical sampling and maturity conventions can differ. These are nominal yields in the local currency, not inflation-linked real yields, coupons or total investment returns.
Monthly observationsView monthly data
Swipe the table horizontally to see all columns.
Government Bond Yields by Country — All Available EconomiesView the complete country overview
Latest available government bond yield observations. Months differ; older values are labelled. Select a country name to view its history.
| Country / economy | Yield · % per annum | Observation month | Method / status |
|---|---|---|---|
| United States | 4.99% | Sep 2026 | Government benchmark · around 10 years · USD |
| China | 1.69% | Aug 2026 | Government benchmark · around 10 years · CNY |
| Euro Area | 3.93% | Sep 2026 | Euro area aggregate · around 10 years · EUR |
| Japan | 3.05% | Sep 2026 | Government benchmark · around 10 years · JPY |
| United Kingdom | 5.24% | Sep 2026 | Government benchmark · around 10 years · GBP |
| India | 7.06% | Sep 2026 | Government benchmark · around 10 years · INR |
| Canada | 3.88% | Sep 2026 | Government benchmark · around 10 years · CAD |
| Brazil | 9.14% | Sep 2026 | Government benchmark · around 10 years · BRL |
| South Korea | 4.45% | Sep 2026 | Government benchmark · around 10 years · KRW |
| Mexico | 9.35% | Sep 2026 | Government benchmark · around 10 years · MXN |
| Australia | 5.28% | Sep 2026 | Government benchmark · around 10 years · AUD |
| Switzerland | 0.59% | Sep 2026 | Government benchmark · around 10 years · CHF |
| Poland | 6.23% | Sep 2026 | Government benchmark · around 10 years · PLN |
| Sweden | 3.19% | Sep 2026 | Government benchmark · around 10 years · SEK |
| Israel | 4.08% | Sep 2026 | Government benchmark · around 10 years · ILS |
| European Union | 4.20% | Sep 2026 | EU27 weighted aggregate · around 10 years · National currencies (EU aggregate) |
| Germany | 3.44% | Oct 2026 | Government benchmark · around 10 years · EUR |
| France | 4.44% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Italy | 4.36% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Spain | 3.92% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Netherlands | 3.56% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Austria | 3.69% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Belgium | 4.12% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Bulgaria | 4.09% | Aug 2026 | Government benchmark · around 10 years · EUR |
| Chile | 6.01% | Sep 2026 | Government benchmark · around 10 years · CLP |
| Colombia | 12.73% | Sep 2026 | Government benchmark · around 10 years · COP |
| Costa Rica | 6.28% | Aug 2026 | Government benchmark · around 10 years · CRC |
| Croatia | 3.59% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Czech Republic | 5.24% | Sep 2026 | Government benchmark · around 10 years · CZK |
| Denmark | 3.29% | Sep 2026 | Government benchmark · around 10 years · DKK |
| Estonia | 4.09% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Finland | 3.80% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Greece | 4.23% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Hungary | 5.69% | Sep 2026 | Government benchmark · around 10 years · HUF |
| Ireland | 3.59% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Latvia | 4.15% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Lithuania | 2.88% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Luxembourg | 3.70% | Sep 2026 | Government benchmark · around 10 years · EUR |
| New Zealand | 4.94% | Sep 2026 | Government benchmark · around 10 years · NZD |
| Norway | 4.47% | Oct 2026 | Government benchmark · around 10 years · NOK |
| Portugal | 3.85% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Romania | 6.71% | Sep 2026 | Government benchmark · around 10 years · RON |
| Slovak Republic | 4.16% | Sep 2026 | Government benchmark · around 10 years · EUR |
| Slovenia | 3.86% | Sep 2026 | Government benchmark · around 10 years · EUR |
| South Africa | 8.95% | Sep 2026 | Government benchmark · around 10 years · ZAR |
Sources, methodology & reuse
The default primary cards use the same 15 jointly covered economies across all five global trackers, ordered by 2025 nominal GDP in World Bank WDI. Phones initially show the same first 8 entries. This is a fixed introductory selection, not a ranking of the displayed indicator. The euro area is distinct from the European Union; definitions and historical membership follow each official source. Source: The World Bank: World Development Indicators; CC BY 4.0 with additional Dataset Terms.
The Euro Area card uses official Eurostat/ECB MCBY, geo EA, with changing euro-area composition (21 members since 2026). Weights follow the nominal stock of representative long-term national government bonds. It is not the EU27 aggregate. The underlying monthly source, source checks and provider conditions are shared with the existing EU input.
The European Union card is the official Eurostat/ECB EU27_2020 aggregate (2020 composition) in irt_lt_mcby_m, MCBY, monthly percent per annum. The ECB weights national long-term government yields using GDP at current prices and purchasing power standards. This is a member-state yield aggregate, not the euro area and not a quote for bonds issued directly by the European Commission. It overlaps national member-country benchmarks and is not added to them. EU history begins in 2014 in this tool; national OECD histories remain complete.
Source: OECD (2026), Financial market, Long-term interest rates (IRLT), DSD_STES@DF_FINMARK 4.0, OECD Data Explorer. Values are percentages per annum, in the local-currency government benchmark, generally around ten-year residual maturity. Monthly series are generally averages of daily rates; national methods and historical sampling may differ. We preserve the OECD monthly observations rather than reconstructing or mixing daily feeds.
Only completed calendar months are displayed. A current-month observation returned early by the source is withheld until the month has finished. Observation months can differ between countries. “Common month · major economies” uses the latest exact month present for the initial 15 largest covered countries. Additional countries use that month or show unavailable. The history panel still shows its latest saved observation. “All” includes the full available source history for the selected countries, whose start dates differ.
Monthly change = current yield minus the preceding calendar month’s yield, multiplied by 100, in basis points (bp). One percentage point equals 100 bp. Changes across missing months or explicitly flagged series breaks remain unavailable. Negative yields are valid observations. Gaps are not interpolated and the chart does not connect across missing months or flagged breaks.
Spread vs U.S. = (country yield − U.S. yield) × 100 bp, using the same exact completed month for both observations. A positive spread means the country’s yield is higher; the U.S. spread is zero where paired data exist. Change in spread is the difference between consecutive monthly spreads, also in bp. The table and CSV retain both yield inputs. Cross-currency spreads also reflect currency and inflation expectations and other market differences: they are not currency-hedged returns, pure credit-risk spreads or a direct measure of default probability.
Two shared source checks are scheduled daily: OECD national benchmarks and Eurostat EU27. New statistical observations normally arrive monthly. WordPress cron requires site traffic or a host cron. Source failures, invalid responses and older/truncated histories keep the last verified data. Verification more than seven days old and observations more than four months behind are labelled. A source check date is not the observation month or a guarantee of a new release.
- OECD Financial market · long-term government bond yields · Reuse terms · accessed 2026-11-03 01:10 UTC
- Eurostat / ECB · EU and euro-area long-term yield aggregates · Reuse terms · accessed 2026-11-02 17:09 UTC
Eurostat source: irt_lt_mcby_m, EU27_2020, accessed as shown above. Selection, changes and spreads are Silver Dominion modifications; Eurostat is not responsible for those modifications. ECB information is freely available from its website; ECB reuse conditions also apply to the original ECB input.
Independent selection, spread calculations and presentation by Silver Dominion. Preserve source credit, dataset links, access dates and the same acknowledgement requirement in onward reuse. OECD data remain subject to OECD terms and any applicable third-party restrictions; the GPL-2.0-or-later licence covers code only. No OECD or central bank endorsement is implied. General macroeconomic information, not investment advice.
Independent Silver Dominion tool · Sources: OECD and Eurostat / ECB · Monthly observations, not live bond prices.
Global Bond Yields: Compare 10-Year Government Bonds
Government bond yields offer valuable insight into how investors assess interest rates, inflation expectations and economic risks across countries. While yields may rise in one economy, they can decline elsewhere as monetary policies and market conditions diverge.
The Global Bond Yields Tracker helps investors compare 10-year government bond yields across major economies, examine historical trends and identify differences in borrowing costs and financial conditions.
For a detailed view of the American bond market, our U.S. Treasury Yields Tracker provides historical data across multiple maturities.
Why Government Bond Yields Differ Between Countries
Ten-year bond yields reflect several factors, including expected interest rates, inflation, credit risk and the additional compensation investors require for holding longer-term debt.
Higher yields can indicate tighter financial conditions, but they may also reflect concerns about inflation or government borrowing. Lower yields can signal weaker growth expectations or stronger demand for relatively safe assets.
Our Global Interest Rates Tracker provides context on central bank policies, while the Global Inflation Tracker helps explain differences in consumer price pressures.
How Bond Yields Affect Gold and Silver
Government bond yields influence precious metals through interest-rate expectations, currency movements and investment demand.
Real yields are particularly important for gold. Rising inflation-adjusted returns can increase the opportunity cost of holding gold, while falling real yields may make it more attractive.
Our U.S. Real Yields Tracker provides a closer look at inflation-adjusted Treasury yields.
Silver also responds to monetary conditions, although industrial demand makes its relationship with bond markets less direct. Historical comparisons are available through the Gold & Silver Macro Comparison Dashboard.
Bond yields provide important market context, but their movements alone cannot reliably predict future gold or silver prices.
Frequently Asked Questions
What does the Global Bond Yields Tracker show?
The Global Bond Yields Tracker compares 10-year government bond yields across major economies. It helps investors examine differences in sovereign borrowing costs, explore historical yield trends and compare bond market conditions between countries. The data reflects published benchmark yields rather than live trading prices.
What is a 10-year government bond yield?
A 10-year government bond yield represents the market return implied by a government bond with approximately ten years remaining until maturity. It serves as an important benchmark for long-term interest rates, borrowing costs and investor expectations about inflation and economic growth. Bond yields generally rise when bond prices fall.
Why do government bond yields differ between countries?
Government bond yields reflect differences in inflation expectations, monetary policy, economic conditions, credit risk and investor demand. Currency risk and market liquidity also influence international comparisons. Higher yields do not necessarily indicate stronger economies and may instead reflect greater perceived risk.
How are bond yields different from central bank interest rates?
Central bank policy rates are monetary policy instruments, while government bond yields are determined by financial markets. Ten-year yields reflect expectations about future interest rates, inflation and risk over a longer period. They can move independently of current central bank policy decisions.
How often are global government bond yields updated?
Update frequency depends on the underlying data source. The global comparison uses published benchmark yield observations, which may be available as monthly averages. Publication schedules and reporting delays vary by country. These figures should not be interpreted as real-time bond market quotations.
What is the difference between nominal and real bond yields?
Nominal bond yields represent returns before adjusting for inflation. Real yields account for changes in purchasing power and may be estimated using inflation expectations or observed through inflation-linked bond markets. A high nominal yield does not necessarily mean a high inflation-adjusted return.
How do government bond yields affect gold and silver prices?
Government bond yields can influence precious metals through real interest rates, currency movements and investment demand. Rising real yields may increase the opportunity cost of holding gold, while falling real yields can provide support. Silver is also influenced by industrial demand. Bond yields alone cannot reliably predict precious metal prices.