Last Update: 27 Mar 2023 2:23 GMT+0

25 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.

If data are not all visible, swipe table left

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
Ukraine
Sri Lanka
Pakistan
Hungary
Namibia
Mexico
Chile
Egypt
Kazakhstan
Iceland
Turkey
Czech Republic
Canada
Qatar
Sweden
Malta
United States
New Zealand
Germany
Israel
Denmark
Norway
Hong Kong
South Korea
Singapore
Poland
Lithuania
Netherlands
United Kingdom
Finland
Taiwan
France
Bangladesh
Vietnam
Philippines
Australia
Austria
India
Slovakia
Thailand
Croatia
Colombia
Japan
Belgium
Ireland
Switzerland
Bahrain
Portugal
China
Spain
Cyprus
Slovenia
Russia
Indonesia
Malaysia
Romania
Morocco
Brazil
PerĂ¹
Mauritius
Italy
Greece
Latvia
Serbia
South Africa
Bulgaria
Kenya
Nigeria
Uganda
Zambia

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