Major 10Y Yield Day Q2/21 Q3/21 Q4/21 Q1/22
US 1.6403 0.00 0.00% 1.6964 1.7491 1.8032 1.8591
UK 0.8670 0.00 0.00% 0.9379 1.0099 1.0874 1.1710
Japan 0.0830 0.00 0.00% 0.0891 0.0980 0.1078 0.1186
Germany -0.1050 0.01 0.01% 0.0111 0.0233 0.0367 0.0515
France 0.2930 0.01 0.01% 0.3168 0.3485 0.3833 0.4217
Netherlands 0.0550 0.18 0.18% 0.0539 0.0593 0.0652 0.0717
Spain 0.6030 0.02 -0.02% 0.6831 0.7514 0.8266 0.9092
Portugal 0.6050 0.02 -0.02% 0.6941 0.7635 0.8399 0.9238
Canada 1.5690 0.01 -0.01% 1.6452 1.7142 1.7858 1.8607
Brazil 9.4750 9.48 9.48% 9.5048 9.6314 9.7590 9.8893
India 5.9760 0.00 0.00% 6.0336 6.0898 6.1466 6.2034
Switzerland -0.0830 0.06 0.06% 0.0128 0.0269 0.0424 0.0594
Greece 1.0770 0.03 -0.03% 1.1457 1.1954 1.2472 1.3014
Italy 1.1060 0.00 0.00% 1.1741 1.2389 1.3073 1.3795
Mexico 6.8650 0.04 0.04% 6.8967 6.9690 7.0420 7.1164
Australia 1.7270 0.02 0.02% 1.7988 1.8758 1.9562 2.0398
New Zealand 1.9230 0.02 0.02% 1.9934 2.0608 2.1308 2.2031

United States Yield Day Q2/21 Q3/21 Q4/21 Q1/22
US 1.6403 0.00 0.00% 1.6964 1.7491 1.8032 1.8591
US 1M 0.0101 0.01 0.01% 0.0130 0.0133 0.0136 0.0139
US 3M 0.0177 0.01 0.01% 0.0154 0.0156 0.0159 0.0161
US 6M 0.0304 0.00 0.00% 0.0335 0.0339 0.0344 0.0348
US 52W 0.0456 0.00 0.00% 0.0517 0.0527 0.0538 0.0548
US 2Y 0.1531 0.00 0.00% 0.1580 0.1631 0.1684 0.1738
US 3Y 0.3262 0.01 -0.01% 0.3459 0.3580 0.3707 0.3837
US 5Y 0.8194 0.01 -0.01% 0.8565 0.8866 0.9177 0.9500
US 7Y 1.2830 0.01 -0.01% 1.3352 1.3794 1.4250 1.4722
US 20Y 2.4600 0.01 -0.01% 2.5336 2.5966 2.6614 2.7276
US 30Y 2.3640 0.01 0.01% 2.4182 2.4761 2.5352 2.5959

Europe Yield Day Q2/21 Q3/21 Q4/21 Q1/22
UK 0.8670 0.00 0.00% 0.9379 1.0099 1.0874 1.1710
UK 1M 0.0810 0.08 0.08% 0.0282 0.0295 0.0308 0.0322
UK 3M 0.0570 0.06 0.06% 0.0599 0.0630 0.0663 0.0697
UK 6M 0.1230 0.12 0.12% 0.1148 0.1188 0.1229 0.1271
UK 52W 0.0430 0.00 0.00% 0.0469 0.0501 0.0534 0.0570
UK 3Y 0.1880 0.00 0.00% 0.2118 0.2313 0.2526 0.2759
UK 5Y 0.3900 0.00 0.00% 0.4362 0.4780 0.5238 0.5741
UK 7Y 0.6360 0.00 0.00% 0.7018 0.7720 0.8492 0.9341
UK 20Y 1.3900 0.01 0.01% 1.4537 1.5202 1.5899 1.6627
UK 30Y 1.4170 0.02 0.02% 1.4744 1.5373 1.6029 1.6715
Germany -0.1050 0.01 0.01% 0.0111 0.0233 0.0367 0.0515
Germany 3M -0.6290 0.00 0.00% 0.0314 0.0643 0.0988 0.1351
Germany 6M -0.6270 0.00 0.00% 0.0292 0.0598 0.0919 0.1255
Germany 52W -0.6400 0.02 -0.02% 0.0221 0.0450 0.0686 0.0931
Germany 2Y -0.6520 0.00 0.00% 0.0204 0.0415 0.0632 0.0855
Germany 3Y -0.6531 0.00 0.00% 0.0213 0.0433 0.0660 0.0895
Germany 5Y -0.5010 0.01 0.01% 0.0267 0.0548 0.0843 0.1154
Germany 7Y -0.2820 0.01 0.01% 0.0255 0.0532 0.0834 0.1163
Germany 30Y 0.4600 0.01 0.01% 0.4994 0.5493 0.6043 0.6647
Denmark 0.1920 0.02 0.02% 0.1881 0.2069 0.2276 0.2504
Finland 0.1360 0.01 0.01% 0.1419 0.1561 0.1717 0.1889
France 0.2930 0.01 0.01% 0.3168 0.3485 0.3833 0.4217
France 20Y 0.7285 0.00 0.00% 0.8045 0.8850 0.9735 1.0708
France 2Y -0.5865 0.01 0.01% 0.0197 0.0400 0.0611 0.0828
France 3Y -0.5238 0.00 0.00% 0.0213 0.0434 0.0665 0.0905
Netherlands 0.0550 0.18 0.18% 0.0539 0.0593 0.0652 0.0717
Spain 0.6030 0.02 -0.02% 0.6831 0.7514 0.8266 0.9092
Portugal 0.6050 0.02 -0.02% 0.6941 0.7635 0.8399 0.9238
Portugal 20Y 0.9560 0.03 -0.03% 1.0405 1.0936 1.1493 1.2079
Portugal 2Y -0.5060 0.03 -0.03% 0.0318 0.0658 0.1022 0.1410
Portugal 30Y 1.5520 0.02 -0.02% 1.6360 1.6993 1.7651 1.8333
Portugal 3Y -0.4600 0.02 -0.02% 0.0436 0.0916 0.1443 0.2023
Portugal 5Y -0.1370 0.01 -0.01% 0.0112 0.0235 0.0371 0.0520
Portugal 7Y 0.1860 0.01 -0.01% 0.2200 0.2420 0.2662 0.2928
Austria 0.1610 0.01 0.01% 0.1716 0.1888 0.2076 0.2284
France 5Y -0.3148 0.00 0.00% 0.0315 0.0662 0.1044 0.1464
France 7Y -0.0830 0.01 0.01% 0.0086 0.0180 0.0283 0.0397
Belgium 0.2660 0.06 0.06% 0.2904 0.3194 0.3514 0.3865
Portugal 6M -0.5190 0.00 0.00% 0.0358 0.0740 0.1149 0.1586
Italy 30Y 2.1050 0.01 -0.01% 2.1741 2.2368 2.3015 2.3680
Italy 3Y -0.0390 0.01 -0.01% 0.0031 0.0065 0.0103 0.0144
France 30Y 1.0912 0.01 0.01% 1.1577 1.2391 1.3263 1.4195
Italy 1.1060 0.00 0.00% 1.1741 1.2389 1.3073 1.3795
Italy 20Y 1.8120 0.01 -0.01% 1.8875 1.9511 2.0168 2.0849
Italy 5Y 0.3190 0.01 -0.01% 0.3674 0.4041 0.4446 0.4890
Italy 7Y 0.6610 0.01 -0.01% 0.7241 0.7803 0.8409 0.9061
Greece 20Y 1.4540 0.00 0.00% 1.4874 1.5216 1.5567 1.5924
France 52W -0.6230 0.00 -0.62% 0.0231 0.0471 0.0720 0.0978
Poland 1.9310 0.06 -0.06% 2.0451 2.1187 2.1949 2.2740
France 6M -0.6270 0.00 0.00% 0.0183 0.0371 0.0565 0.0764
Greece 1.0770 0.03 -0.03% 1.1457 1.1954 1.2472 1.3014
Portugal 3M -0.5240 0.03 0.03% 0.0343 0.0709 0.1099 0.1514
Italy 52W -0.4360 0.01 -0.01% 0.0407 0.0855 0.1347 0.1889
Ireland 0.3380 0.00 0.00% 0.3619 0.3981 0.4379 0.4817
Russia 1M 4.8800 0.02 0.02% 4.8736 4.8872 4.9008 4.9144
Russia 3M 5.1900 0.01 0.01% 5.1930 5.2059 5.2189 5.2318
Russia 6M 5.5600 0.01 0.01% 5.5650 5.5800 5.5950 5.6099
Hungary 3.2900 0.07 0.07% 3.3449 3.4747 3.6096 3.7497
Greece 6M -0.2420 0.02 0.02% 0.0266 0.0559 0.0880 0.1235
France 1M -0.6050 0.61 -0.61% 0.0409 0.0844 0.1308 0.1803
Greece 3M -0.2530 0.25 -0.25% 0.0150 0.0315 0.0497 0.0696
Norway 1.4830 0.00 0.00% 1.5318 1.5834 1.6368 1.6920
Sweden 0.4550 0.01 -0.01% 0.4972 0.5469 0.6016 0.6618
France 3M -0.6315 0.00 0.00% 0.0224 0.0456 0.0696 0.0944
Italy 3M -0.5150 0.04 -0.04% 0.0516 0.1084 0.1708 0.2395
Russia 52W 5.7100 0.02 0.02% 5.7719 5.8550 5.9392 6.0251
Switzerland -0.0830 0.06 0.06% 0.0128 0.0269 0.0424 0.0594
Russia 3Y 6.3300 0.02 -0.02% 6.3913 6.4326 6.4745 6.5170
Italy 1M -0.5150 0.02 -0.02% 0.0483 0.1014 0.1599 0.2242
Russia 2Y 5.9500 0.02 -0.02% 6.0124 6.0554 6.0984 6.1413
Russia 7Y 6.9200 0.01 0.01% 6.9632 7.0171 7.0710 7.1256
Russia 7.1500 0.01 -0.01% 7.2151 7.2710 7.3268 7.3834
Russia 20Y 7.2900 0.02 0.02% 7.3136 7.3572 7.4016 7.4459
Russia 5Y 6.7000 0.01 -0.01% 6.7637 6.8180 6.8724 6.9274
Italy 2Y -0.2100 0.01 -0.01% 0.0199 0.0418 0.0659 0.0924
Czech Republic 1.8220 0.02 0.02% 1.8689 1.9318 1.9969 2.0644
Portugal 52W -0.6350 0.02 -0.02% 0.0292 0.0598 0.0918 0.1253
Latvia 0.5490 0.00 0.00% 0.5490 0.5490 0.5490 0.5490
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% 0.5738 0.5965 0.6200 0.6445
Iceland 3.9810 0.00 0.00% 4.0543 4.1287 4.2047 4.2824
Lithuania 0.1360 0.01 0.01% 0.1408 0.1513 0.1627 0.1748
Romania 3.3800 0.00 0.00% 3.4039 3.4589 3.5145 3.5711
Slovakia 0.1050 0.01 0.02% 0.1155 0.1271 0.1398 0.1537
Slovenia 0.2900 0.01 -0.01% 0.3190 0.3509 0.3860 0.4246
Turkey 17.4500 0.00 -0.01% 17.9054 18.3731 18.8530 19.3451
Turkey 2Y Bond Yield 17.5900 0.07 -0.07% 18.2251 18.8079 19.4101 20.0317
Netherlands 2Y Bond Yield -0.6587 0.00 0.00% 0.0219 0.0446 0.0680 0.0922
Sweden 2Y Bond Yield -0.2620 0.00 0.00% 0.0120 0.0245 0.0377 0.0514
Spain 2Y Bond Yield -0.4580 0.02 0.02% 0.0370 0.0769 0.1201 0.1667
Switzerland 2Y Bond Yield -0.7280 0.02 -0.02% 0.0363 0.0743 0.1142 0.1560
UK 2Y 0.0910 0.01 0.01% 0.1068 0.1152 0.1242 0.1339
Belgium 2Y Bond Yield -0.6182 0.00 0.00% 0.0237 0.0484 0.0740 0.1006
Denmark 2Y Bond Yield -0.4030 0.10 0.10% 0.0287 0.0595 0.0925 0.1278
Finland 2Y Bond Yield -0.6370 0.02 -0.02% 0.0280 0.0573 0.0878 0.1198
Spain 52W -0.5150 0.00 0.00% 0.0237 0.0484 0.0743 0.1014
Netherlands 3M -0.6000 0.03 0.03% 0.0299 0.0613 0.0942 0.1286
Netherlands 6M -0.6400 0.01 -0.01% 0.0251 0.0512 0.0782 0.1065
Spain 5Y -0.1120 0.00 0.00% 0.0114 0.0239 0.0377 0.0529
Spain 6M -0.5250 0.00 0.00% 0.0265 0.0543 0.0835 0.1140
Spain 3M -0.5570 0.00 0.00% 0.0337 0.0693 0.1072 0.1472
Spain 3Y -0.3450 0.01 -0.01% 0.0337 0.0708 0.1115 0.1564

America Yield Day Q2/21 Q3/21 Q4/21 Q1/22
US 1.6403 0.00 0.00% 1.6964 1.7491 1.8032 1.8591
US 1M 0.0101 0.01 0.01% 0.0130 0.0133 0.0136 0.0139
US 3M 0.0177 0.01 0.01% 0.0154 0.0156 0.0159 0.0161
US 6M 0.0304 0.00 0.00% 0.0335 0.0339 0.0344 0.0348
US 52W 0.0456 0.00 0.00% 0.0517 0.0527 0.0538 0.0548
US 2Y 0.1531 0.00 0.00% 0.1580 0.1631 0.1684 0.1738
US 3Y 0.3262 0.01 -0.01% 0.3459 0.3580 0.3707 0.3837
US 5Y 0.8194 0.01 -0.01% 0.8565 0.8866 0.9177 0.9500
US 7Y 1.2830 0.01 -0.01% 1.3352 1.3794 1.4250 1.4722
US 20Y 2.4600 0.01 -0.01% 2.5336 2.5966 2.6614 2.7276
US 30Y 2.3640 0.01 0.01% 2.4182 2.4761 2.5352 2.5959
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
Chile 3.9300 0.01 -0.01% 4.0381 4.1386 4.2418 4.3474
Brazil 9.4750 9.48 9.48% 9.5048 9.6314 9.7590 9.8893
Brazil 52W 5.6150 0.11 0.11% 5.5844 5.6599 5.7359 5.8136
Brazil 2Y 7.6600 0.11 0.11% 7.6595 7.7705 7.8830 7.9977
Brazil 3M 3.7470 0.01 0.01% 3.7814 3.8296 3.8781 3.9274
Brazil 3Y 8.0850 0.15 0.15% 8.0702 8.2028 8.3370 8.4736
Brazil 5Y 8.3450 8.35 8.35% 8.3736 8.5039 8.6366 8.7719
Brazil 6M 4.4250 0.05 0.05% 4.4166 4.4586 4.5010 4.5434
Canada 3M 0.0850 0.01 -0.01% 0.0907 0.0914 0.0921 0.0928
Colombia 7.1890 0.04 -0.04% 7.3460 7.4631 7.5817 7.7017
Canada 1M 0.1500 0.01 0.01% 0.1472 0.1494 0.1516 0.1539
Mexico 6.8650 0.04 0.04% 6.8967 6.9690 7.0420 7.1164
Canada 6M 0.1250 0.01 -0.01% 0.1310 0.1319 0.1329 0.1339
Canada 52W 0.2350 0.06 0.06% 0.1828 0.1857 0.1886 0.1916
Canada 3Y 0.5310 0.01 -0.01% 0.5637 0.5832 0.6032 0.6240
Canada 1.5690 0.01 -0.01% 1.6452 1.7142 1.7858 1.8607
Canada 7Y 1.2250 0.01 -0.01% 1.2871 1.3383 1.3914 1.4466
Canada 2Y 0.3380 0.01 -0.01% 0.3543 0.3659 0.3779 0.3903
Canada 20Y 2.0280 0.01 -0.01% 2.1030 2.1681 2.2350 2.3040
Canada 5Y 0.9530 0.01 -0.01% 1.0048 1.0462 1.0893 1.1342
Canada 30Y 2.1810 0.01 -0.01% 2.2614 2.3307 2.4024 2.4761

Asia Yield Day Q2/21 Q3/21 Q4/21 Q1/22
Japan 0.0830 0.00 0.00% 0.0891 0.0980 0.1078 0.1186
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% 0.0091 0.0190 0.0298 0.0414
Japan 52W -0.1140 0.01 0.01% 0.0079 0.0164 0.0254 0.0350
Japan 2Y -0.1150 0.01 0.01% 0.0091 0.0189 0.0294 0.0406
Japan 3Y -0.1190 0.01 0.01% 0.0103 0.0214 0.0334 0.0463
Japan 5Y -0.0870 0.01 0.01% 0.0094 0.0197 0.0310 0.0434
Japan 7Y -0.0290 0.01 0.01% 0.0036 0.0076 0.0119 0.0167
Japan 20Y 0.4500 0.01 0.01% 0.4862 0.5348 0.5883 0.6471
Japan 30Y 0.6700 0.02 0.02% 0.7151 0.7783 0.8471 0.9220
Pakistan 9.5860 9.59 9.59% 9.6253 9.7376 9.8517 9.9669
Hong Kong 1.2490 1.25 1.25% 1.2872 1.3318 1.3781 1.4259
India 6M 3.5600 0.01 0.01% 3.5986 3.6275 3.6564 3.6857
Indonesia 6.4730 0.07 0.07% 6.5261 6.5798 6.6335 6.6879
Indonesia 5Y 5.5950 0.04 0.04% 5.6463 5.6961 5.7459 5.7968
Indonesia 20Y 7.1610 0.03 0.03% 7.2160 7.2697 7.3235 7.3772
Singapore 1.5140 0.00 0.00% 1.5433 1.5710 1.5994 1.6282
India 3M 3.3800 0.02 -0.02% 3.4195 3.4493 3.4792 3.5097
China 52W 2.5690 0.00 0.00% 2.6012 2.6389 2.6771 2.7160
China 2Y 2.7310 0.01 0.01% 2.7582 2.7906 2.8236 2.8568
China 30Y 3.6710 0.01 0.01% 3.6868 3.7106 3.7348 3.7593
China 3.1380 0.03 -0.03% 3.1664 3.1922 3.2180 3.2440
China 5Y 2.9460 0.00 0.00% 2.9744 3.0021 3.0301 3.0581
China 7Y 3.0830 0.00 0.00% 3.1081 3.1324 3.1568 3.1815
China 3Y 2.7700 0.00 0.00% 2.7929 2.8211 2.8496 2.8784
India 5.9760 0.00 0.00% 6.0336 6.0898 6.1466 6.2034
India 52W 3.7140 0.07 -0.07% 3.8364 3.8875 3.9390 3.9916
India 2Y 4.3490 4.35 4.35% 4.3659 4.3993 4.4327 4.4660
India 30Y 6.8440 6.84 6.84% 6.8922 6.9374 6.9833 7.0298
India 3Y 4.7120 4.71 4.71% 4.7578 4.7951 4.8324 4.8702
India 5Y 5.5770 5.58 5.58% 5.6305 5.6846 5.7393 5.7945
India 7Y 6.1770 6.18 6.18% 6.2310 6.2897 6.3489 6.4082
Israel 1.1920 0.08 -0.08% 1.3398 1.4068 1.4771 1.5510
South Korea 52W 0.6520 0.65 0.65% 0.6606 0.6693 0.6781 0.6871
Philippine 3.9460 0.00 0.00% 4.0056 4.0660 4.1275 4.1899
Qatar 2.2120 0.02 0.02% 2.2618 2.3126 2.3646 2.4179
Taiwan 0.3750 0.00 0.00% 0.3820 0.3891 0.3965 0.4038
Vietnam 2.3680 0.00 0.00% 2.3962 2.4246 2.4535 2.4828
Indonesia 3M 3.2200 0.05 3.22% 3.2850 3.3514 3.4190 3.4882
Indonesia 6M 3.3000 0.04 0.04% 3.3663 3.4340 3.5030 3.5736
Indonesia 1M 3.1100 0.04 -0.04% 3.1685 3.2282 3.2888 3.3504
Indonesia 30Y 7.1990 0.01 0.01% 7.2350 7.2710 7.3077 7.3444
Indonesia 3Y 5.0160 0.01 -0.01% 5.0652 5.1148 5.1650 5.2156
South Korea 2Y 0.9040 0.01 -0.01% 0.9229 0.9421 0.9619 0.9820
China 20Y 3.6500 0.00 3.65% 3.6876 3.7256 3.7639 3.8026
South Korea 20Y 2.2440 0.01 0.01% 2.2992 2.3558 2.4136 2.4731
South Korea 3Y 1.1020 0.01 -0.01% 1.1272 1.1530 1.1795 1.2065
South Korea 30Y 2.2360 0.01 0.01% 2.2910 2.3474 2.4050 2.4643
South Korea 2.1180 0.00 0.00% 2.1720 2.2275 2.2843 2.3425
South Korea 5Y 1.6250 0.00 0.00% 1.6671 1.7103 1.7545 1.8000
Indonesia 52W 3.7540 0.07 0.07% 3.8480 3.9309 4.0152 4.1015
Malaysia 3.1830 0.02 0.02% 3.2002 3.2297 3.2595 3.2893
Thailand 1.6600 0.01 0.01% 1.6767 1.7143 1.7527 1.7920

Australia Yield Day Q2/21 Q3/21 Q4/21 Q1/22
Australia 5Y 0.8830 0.03 0.03% 0.9149 0.9577 1.0026 1.0495
Australia 7Y 1.2130 0.03 0.03% 1.2641 1.3218 1.3820 1.4451
Australia 30Y 2.6980 0.02 -0.02% 2.7687 2.8465 2.9265 3.0086
Australia 1.7270 0.02 0.02% 1.7988 1.8758 1.9562 2.0398
Australia 20Y 2.4740 0.02 0.02% 2.5440 2.6234 2.7053 2.7897
New Zealand 1.9230 0.02 0.02% 1.9934 2.0608 2.1308 2.2031
Australia 52W 0.0590 0.01 -0.01% 0.0609 0.0629 0.0650 0.0671
Australia 2Y 0.0860 0.00 0.00% 0.0865 0.0902 0.0940 0.0979
Australia 3Y 0.0970 0.00 0.00% 0.0995 0.1042 0.1091 0.1142
New Zealand 2Y Bond Yield 0.3550 0.02 0.02% 0.3509 0.3644 0.3784 0.3928

Africa Yield Day Q2/21 Q3/21 Q4/21 Q1/22
South Africa 3M 4.6300 0.57 -0.57% 5.6327 6.1847 6.7911 7.4565
South Africa 9.0700 0.04 -0.04% 9.2037 9.3084 9.4149 9.5222
South Africa 20Y 10.8400 0.02 -0.02% 10.9303 11.0117 11.0930 11.1744
South Africa 30Y 10.8150 0.02 -0.02% 10.9051 10.9863 11.0675 11.1487
South Africa 5Y 7.3800 0.02 -0.02% 7.5053 7.6220 7.7410 7.8622
South Africa 2Y 4.8250 0.02 0.02% 4.8240 4.8684 4.9134 4.9583
Kenya 12.8010 0.00 0.00% 13.0250 13.2529 13.4846 13.7214
Nigeria 13.2370 0.00 0.00% 13.4177 13.5991 13.7818 13.9685
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 18 of 2021. Please consider that while TRADING ECONOMICS forecasts for Bonds are made using our best efforts, they are not investment recommendations.