Last Update: 2 Oct 2023 8:15 GMT+0

29 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
Pakistan
Sri Lanka
Turkey
Kazakhstan
Iceland
Qatar
Chile
Hungary
Mexico
Canada
Denmark
Sweden
United States
United Kingdom
New Zealand
Singapore
Israel
Germany
Croatia
Russia
Norway
Czech Republic
Switzerland
Ireland
Latvia
India
Hong Kong
Netherlands
France
Austria
Lithuania
Finland
Belgium
South Korea
Slovenia
Bangladesh
Taiwan
Philippines
Malta
Egypt
Spain
Australia
Portugal
China
Cyprus
Bahrain
Thailand
Malaysia
Slovakia
Romania
Japan
Greece
Morocco
PerĂ¹
Italy
Colombia
Indonesia
Mauritius
Poland
Vietnam
Bulgaria
Serbia
Brazil
Nigeria
Namibia
South Africa
Kenya
Uganda
Zambia

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