Inverted Yield Curves

Last Update: 15 Apr 2024 2:15 GMT+0

31 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.
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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
Kazakhstan
Mexico
Slovenia
Malta
Russia
Canada
Denmark
Germany
Norway
United States
Qatar
Sweden
Switzerland
Nigeria
Netherlands
United Kingdom
France
Singapore
Finland
Ireland
Austria
Hungary
Hong Kong
Croatia
New Zealand
India
Belgium
Latvia
Lithuania
Cyprus
Slovakia
South Korea
Bangladesh
Spain
Czech Republic
Portugal
Indonesia
Taiwan
Italy
Australia
Thailand
China
Poland
Israel
Chile
Morocco
Colombia
Malaysia
Greece
Japan
Philippines
Romania
Serbia
Vietnam
Bahrain
Bulgaria
Mauritius
Brazil
Kenya
Sri Lanka
Egypt
Perù
South Africa
Namibia
Uganda
Zambia