Inverted Yield Curves

Last Update: 29 Mar 2024 9:15 GMT+0

27 countries have an inverted yield curve.

An inverted yield curve is an interest rate environment in which long-term bonds have a lower yield than short-term ones.

An inverted yield curve is often considered a predictor of economic recession.

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Detailed domestic spreads

The convexity of the yield curve can be estimated calculating the spread between Government Bonds with long, medium and short maturity.

If the spread between the 10 years and the 2 years Government Bond is negative, it's a strong signal of totally inverted yield curve.

Signals of partially or minimally inverted yield curve are a negative 5Y vs 2Y spread or a negative 2Y vs 1Y spread.

Cells with red background shows an inverted yield case.
Cells with yellow background shows a flat yield case.
If data are not all visible, swipe table left
Country Long vs Short Term
10Y vs 2Y Spread
Mid vs Short Term
5Y vs 2Y Spread
Short Term
2Y vs 1Y Spread
Turkey
Ukraine
Pakistan
Iceland
Mexico
Kazakhstan
Canada
Slovenia
Russia
Denmark
Germany
Malta
Norway
United States
Netherlands
Switzerland
Sweden
Qatar
Singapore
United Kingdom
France
Ireland
Austria
Finland
Croatia
New Zealand
Belgium
Hungary
Latvia
Lithuania
Slovakia
Hong Kong
India
South Korea
Cyprus
Bangladesh
Chile
Thailand
Spain
Taiwan
Philippines
Czech Republic
Italy
Portugal
Israel
Australia
Poland
Nigeria
China
Indonesia
Greece
Morocco
Malaysia
Japan
Romania
Egypt
Colombia
Bahrain
Serbia
Vietnam
Bulgaria
Brazil
Mauritius
Kenya
Sri Lanka
South Africa
Perù
Namibia
Uganda
Zambia