The Spread shows the difference between two yields of different bonds.

In the case of Government Bonds, the yield spread also means credit spread. These countries usually differ regarding credit quality.

A positive spread means that the percentage yearly return of a bond over another is higher.

For example, if one bond is yielding 5% and another is yielding 3%, the spread is 2%, or 200 basis points (bp).

Last Update: 27 Jun 2022 8:15 GMT+0

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Country 10Y Yield Spread vs
Ger Usa Chi Aus
Japan 0.228% -126.4 bp -293.2 bp -262.3 bp -355.3 bp
Taiwan 1.270% -22.2 bp -189.0 bp -158.1 bp -251.1 bp
Switzerland 1.288% -20.4 bp -187.2 bp -156.3 bp -249.3 bp
Germany 1.492% 0 bp -166.8 bp -135.9 bp -228.9 bp
Netherlands 1.797% 30.5 bp -136.3 bp -105.4 bp -198.4 bp
Sweden 1.835% 34.3 bp -132.5 bp -101.6 bp -194.6 bp
Denmark 1.860% 36.8 bp -130.0 bp -99.1 bp -192.1 bp
Finland 1.906% 41.4 bp -125.4 bp -94.5 bp -187.5 bp
France 2.022% 53.0 bp -113.8 bp -82.9 bp -175.9 bp
Austria 2.026% 53.4 bp -113.4 bp -82.5 bp -175.5 bp
Ireland 2.105% 61.3 bp -105.5 bp -74.6 bp -167.6 bp
Belgium 2.115% 62.3 bp -104.5 bp -73.6 bp -166.6 bp
United Kingdom 2.371% 87.9 bp -78.9 bp -48.0 bp -141.0 bp
Morocco 2.394% 90.2 bp -76.6 bp -45.7 bp -138.7 bp
Slovakia 2.430% 93.8 bp -73.0 bp -42.1 bp -135.1 bp
Slovenia 2.441% 94.9 bp -71.9 bp -41.0 bp -134.0 bp
Bulgaria 2.516% 102.4 bp -64.4 bp -33.5 bp -126.5 bp
Malta 2.566% 107.4 bp -59.4 bp -28.5 bp -121.5 bp
Portugal 2.566% 107.4 bp -59.4 bp -28.5 bp -121.5 bp
... Spread vs ... Ger Usa Chi Aus
Spain 2.599% 110.7 bp -56.1 bp -25.2 bp -118.2 bp
China 2.851% 135.9 bp -30.9 bp 0 bp -93.0 bp
Israel 2.853% 136.1 bp -30.7 bp 0.2 bp -92.8 bp
Thailand 2.890% 139.8 bp -27.0 bp 3.9 bp -89.1 bp
Lithuania 3.000% 150.8 bp -16.0 bp 14.9 bp -78.1 bp
Singapore 3.025% 153.3 bp -13.5 bp 17.4 bp -75.6 bp
Hong Kong 3.123% 163.1 bp -3.7 bp 27.2 bp -65.8 bp
Latvia (*) 3.150% 165.8 bp -1.0 bp 29.9 bp -63.1 bp
United States 3.160% 166.8 bp 0 bp 30.9 bp -62.1 bp
Norway 3.208% 171.6 bp 4.8 bp 35.7 bp -57.3 bp
Cyprus 3.332% 184.0 bp 17.2 bp 48.1 bp -44.9 bp
Canada 3.333% 184.1 bp 17.3 bp 48.2 bp -44.8 bp
Croatia 3.376% 188.4 bp 21.6 bp 52.5 bp -40.5 bp
Vietnam 3.401% 190.9 bp 24.1 bp 55.0 bp -38.0 bp
Italy 3.608% 211.6 bp 44.8 bp 75.7 bp -17.3 bp
South Korea 3.723% 223.1 bp 56.3 bp 87.2 bp -5.8 bp
Greece 3.753% 226.1 bp 59.3 bp 90.2 bp -2.8 bp
Australia 3.781% 228.9 bp 62.1 bp 93.0 bp 0 bp
Qatar 3.879% 238.7 bp 71.9 bp 102.8 bp 9.8 bp
New Zealand 3.900% 240.8 bp 74.0 bp 104.9 bp 11.9 bp
... Spread vs ... Ger Usa Chi Aus
Mauritius 4.104% 261.2 bp 94.4 bp 125.3 bp 32.3 bp
Malaysia 4.210% 271.8 bp 105.0 bp 135.9 bp 42.9 bp
Czech Republic 4.969% 347.7 bp 180.9 bp 211.8 bp 118.8 bp
Jordan 5.116% 362.4 bp 195.6 bp 226.5 bp 133.5 bp
Iceland 5.878% 438.6 bp 271.8 bp 302.7 bp 209.7 bp
Chile 6.350% 485.8 bp 319.0 bp 349.9 bp 256.9 bp
Botswana (*) 6.648% 515.6 bp 348.8 bp 379.7 bp 286.7 bp
Serbia 6.813% 532.1 bp 365.3 bp 396.2 bp 303.2 bp
Bahrain (*) 6.848% 535.6 bp 368.8 bp 399.7 bp 306.7 bp
Philippines 7.000% 550.8 bp 384.0 bp 414.9 bp 321.9 bp
Poland 7.089% 559.7 bp 392.9 bp 423.8 bp 330.8 bp
Indonesia 7.406% 591.4 bp 424.6 bp 455.5 bp 362.5 bp
India 7.433% 594.1 bp 427.3 bp 458.2 bp 365.2 bp
PerĂ¹ 7.680% 618.8 bp 452.0 bp 482.9 bp 389.9 bp
Hungary 8.000% 650.8 bp 484.0 bp 514.9 bp 421.9 bp
Bangladesh 8.210% 671.8 bp 505.0 bp 535.9 bp 442.9 bp
Romania 8.660% 716.8 bp 550.0 bp 580.9 bp 487.9 bp
Russia 8.690% 719.8 bp 553.0 bp 583.9 bp 490.9 bp
Mexico 9.313% 782.1 bp 615.3 bp 646.2 bp 553.2 bp
South Africa 10.330% 883.8 bp 717.0 bp 747.9 bp 654.9 bp
... Spread vs ... Ger Usa Chi Aus
Nigeria 11.159% 966.7 bp 799.9 bp 830.8 bp 737.8 bp
Colombia 11.600% 1010.8 bp 844.0 bp 874.9 bp 781.9 bp
Namibia 11.738% 1024.6 bp 857.8 bp 888.7 bp 795.7 bp
Brazil 12.668% 1117.6 bp 950.8 bp 981.7 bp 888.7 bp
Kazakhstan 12.700% 1120.8 bp 954.0 bp 984.9 bp 891.9 bp
Pakistan 13.215% 1172.3 bp 1005.5 bp 1036.4 bp 943.4 bp
Kenya 13.897% 1240.5 bp 1073.7 bp 1104.6 bp 1011.6 bp
Uganda 15.294% 1380.2 bp 1213.4 bp 1244.3 bp 1151.3 bp
Egypt 17.362% 1587.0 bp 1420.2 bp 1451.1 bp 1358.1 bp
Turkey 18.720% 1722.8 bp 1556.0 bp 1586.9 bp 1493.9 bp
Ukraine (*) 20.000% 1850.8 bp 1684.0 bp 1714.9 bp 1621.9 bp
Sri Lanka 21.448% 1995.6 bp 1828.8 bp 1859.7 bp 1766.7 bp
Zambia 26.000% 2450.8 bp 2284.0 bp 2314.9 bp 2221.9 bp

(*) The 10Y Bond Yield is not derived from the market. Its value is calculated according to the yields of other available durations.

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