Last Update: 22 Sep 2021 20:15 GMT+0

1 country has 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.

If data are not all visible, swipe table left
S&P
Rating
Yield Curves
Totally Inverted Partially Inverted Minimally Inverted
AAA
AA
A
Germany
Switzerland
Netherlands
Austria
Belgium
France
Spain
BBB
BB
B
Turkey
Portugal
Italy
Thailand
Bangladesh
Other

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.

In the following table:
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 -40.5 bp 1.0 bp -30.0 bp
Russia 12.0 bp 1.5 bp 13.5 bp
Czech Republic 15.9 bp 11.0 bp 61.4 bp
Japan 16.4 bp 2.4 bp 0.3 bp
Taiwan 19.0 bp 7.5 bp 2.5 bp
Germany 38.6 bp 8.3 bp -2.6 bp
Bulgaria 40.0 bp 22.0 bp 7.6 bp
China 40.8 bp 20.9 bp 17.1 bp
Croatia 45.0 bp 7.8 bp 12.2 bp
Switzerland 50.3 bp 18.5 bp -8.4 bp
United Kingdom 52.5 bp 20.5 bp 12.6 bp
Netherlands 54.7 bp 14.9 bp -5.9 bp
Sweden 55.0 bp 20.6 bp 6.9 bp
Denmark 55.0 bp 20.6 bp 6.9 bp
Morocco 59.7 bp 28.9 bp 22.1 bp
Finland 62.0 bp 23.2 bp 7.8 bp
Austria 66.6 bp 23.5 bp -14.4 bp
South Korea 66.7 bp 38.4 bp 36.3 bp
Ireland 66.7 bp 12.9 bp 1.3 bp
Norway 67.3 bp 44.6 bp 24.5 bp
Slovakia 68.5 bp 33.0 bp 11.0 bp
Belgium 69.2 bp 16.4 bp -6.5 bp
France 70.1 bp 18.1 bp -4.2 bp
Canada 76.6 bp 47.2 bp 20.0 bp
Cyprus 79.8 bp 37.5 bp 20.2 bp
New Zealand 83.7 bp 49.4 bp 14.5 bp
Slovenia 84.8 bp 32.4 bp 11.8 bp
Spain 93.1 bp 23.9 bp -4.6 bp
Malta 95.8 bp 26.7 bp 9.2 bp
Portugal 96.2 bp 24.1 bp -1.3 bp
Hong Kong 97.7 bp 41.4 bp 7.0 bp
Israel 99.0 bp 34.1 bp 7.8 bp
Egypt 102.8 bp 74.9 bp 93.7 bp
United States 106.5 bp 61.5 bp 16.6 bp
Singapore 107.9 bp 42.5 bp 5.4 bp
Greece 109.0 bp 35.9 bp 11.9 bp
Italy 118.9 bp 46.5 bp -0.1 bp
Australia 122.2 bp 61.2 bp 0.4 bp
Hungary 122.7 bp 74.2 bp 35.2 bp
Malaysia 127.5 bp 72.2 bp 30.1 bp
Thailand 128.2 bp 22.5 bp -11.5 bp
Iceland 137.5 bp 65.2 bp 21.7 bp
Serbia 138.5 bp 102.0 bp 32.9 bp
Romania 139.1 bp 98.1 bp 4.5 bp
India 140.7 bp 86.3 bp 80.3 bp
Chile 141.0 bp 100.0 bp 103.0 bp
Poland 141.4 bp 86.1 bp 47.9 bp
Vietnam 148.1 bp 28.8 bp 18.2 bp
Qatar 148.9 bp 57.0 bp 13.0 bp
Brazil 175.5 bp 86.6 bp 56.1 bp
Mexico 177.7 bp 90.6 bp 9.0 bp
Jordan 182.4 bp 75.8 bp 23.6 bp
Pakistan 213.4 bp 137.6 bp 26.3 bp
Philippines 234.3 bp 77.1 bp 45.0 bp
Indonesia 250.0 bp 143.9 bp 81.7 bp
Mauritius 285.5 bp 149.0 bp 2.7 bp
PerĂ¹ 303.4 bp 174.8 bp 58.3 bp
Sri Lanka 311.2 bp 232.1 bp 28.4 bp
Bahrain 328.2 bp 152.2 bp 34.6 bp
Nigeria 333.4 bp 191.8 bp 112.9 bp
Kenya 370.9 bp 216.3 bp 100.9 bp
Bangladesh 373.5 bp 268.5 bp -70.5 bp
Colombia 390.4 bp 307.4 bp 137.6 bp
Uganda 394.3 bp 244.2 bp 38.0 bp
South Africa 402.0 bp 244.5 bp 56.3 bp
Ukraine 404.0 bp 151.5 bp 164.5 bp
Namibia 450.2 bp 49.3 bp 98.4 bp

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