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: 18 Nov 2019 13:15 GMT+0

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Country 10Y Yield Spread vs
Ger Usa Chi Aus
Switzerland -0.523% -19.7 bp -237.3 bp -375.1 bp -170.3 bp
Germany -0.326% 0 bp -217.6 bp -355.4 bp -150.6 bp
Denmark -0.300% 2.6 bp -215.0 bp -352.8 bp -148.0 bp
Netherlands -0.187% 13.9 bp -203.7 bp -341.5 bp -136.7 bp
Austria -0.093% 23.3 bp -194.3 bp -332.1 bp -127.3 bp
Japan -0.083% 24.3 bp -193.3 bp -331.1 bp -126.3 bp
Finland -0.080% 24.6 bp -193.0 bp -330.8 bp -126.0 bp
Belgium -0.045% 28.1 bp -189.5 bp -327.3 bp -122.5 bp
Slovakia -0.020% 30.6 bp -187.0 bp -324.8 bp -120.0 bp
France -0.018% 30.8 bp -186.8 bp -324.6 bp -119.8 bp
Sweden 0.020% 34.6 bp -183.0 bp -320.8 bp -116.0 bp
Ireland 0.071% 39.7 bp -177.9 bp -315.7 bp -110.9 bp
Slovenia 0.135% 46.1 bp -171.5 bp -309.3 bp -104.5 bp
Bulgaria 0.275% 60.1 bp -157.5 bp -295.3 bp -90.5 bp
Portugal 0.367% 69.3 bp -148.3 bp -286.1 bp -81.3 bp
Malta 0.386% 71.2 bp -146.4 bp -284.2 bp -79.4 bp
Lithuania 0.400% 72.6 bp -145.0 bp -282.8 bp -78.0 bp
Spain 0.433% 75.9 bp -141.7 bp -279.5 bp -74.7 bp
Latvia 0.550% 87.6 bp -130.0 bp -267.8 bp -63.0 bp
... Spread vs ... Ger Usa Chi Aus
Cyprus 0.565% 89.1 bp -128.5 bp -266.3 bp -61.5 bp
Croatia 0.618% 94.4 bp -123.2 bp -261.0 bp -56.2 bp
Taiwan 0.678% 100.4 bp -117.2 bp -255.0 bp -50.2 bp
United Kingdom 0.760% 108.6 bp -109.0 bp -246.8 bp -42.0 bp
Israel 0.893% 121.9 bp -95.7 bp -233.5 bp -28.7 bp
Australia 1.180% 150.6 bp -67.0 bp -204.8 bp 0 bp
Italy 1.287% 161.3 bp -56.3 bp -194.1 bp 10.7 bp
New Zealand 1.410% 173.6 bp -44.0 bp -181.8 bp 23.0 bp
Greece 1.445% 177.1 bp -40.5 bp -178.3 bp 26.5 bp
Norway 1.447% 177.3 bp -40.3 bp -178.1 bp 26.7 bp
Czech Republic 1.454% 178.0 bp -39.6 bp -177.4 bp 27.4 bp
Canada 1.507% 183.3 bp -34.3 bp -172.1 bp 32.7 bp
Hong Kong 1.613% 193.9 bp -23.7 bp -161.5 bp 43.3 bp
Thailand 1.712% 203.8 bp -13.8 bp -151.6 bp 53.2 bp
Singapore 1.776% 210.2 bp -7.4 bp -145.2 bp 59.6 bp
South Korea 1.782% 210.8 bp -6.8 bp -144.6 bp 60.2 bp
United States 1.850% 217.6 bp 0 bp -137.8 bp 67.0 bp
Hungary 2.030% 235.6 bp 18.0 bp -119.8 bp 85.0 bp
Poland 2.115% 244.1 bp 26.5 bp -111.3 bp 93.5 bp
Morocco 2.687% 301.3 bp 83.7 bp -54.1 bp 150.7 bp
... Spread vs ... Ger Usa Chi Aus
Qatar 2.729% 305.5 bp 87.9 bp -49.9 bp 154.9 bp
Serbia 2.900% 322.6 bp 105.0 bp -32.8 bp 172.0 bp
China 3.228% 355.4 bp 137.8 bp 0 bp 204.8 bp
Chile 3.400% 372.6 bp 155.0 bp 17.2 bp 222.0 bp
Malaysia 3.457% 378.3 bp 160.7 bp 22.9 bp 227.7 bp
Vietnam 3.627% 395.3 bp 177.7 bp 39.9 bp 244.7 bp
Iceland 3.641% 396.7 bp 179.1 bp 41.3 bp 246.1 bp
Perù 4.275% 460.1 bp 242.5 bp 104.7 bp 309.5 bp
Mauritius 4.418% 474.4 bp 256.8 bp 119.0 bp 323.8 bp
Romania 4.465% 479.1 bp 261.5 bp 123.7 bp 328.5 bp
Botswana (*) 4.552% 487.8 bp 270.2 bp 132.4 bp 337.2 bp
Philippines 4.746% 507.2 bp 289.6 bp 151.8 bp 356.6 bp
Colombia 6.050% 637.6 bp 420.0 bp 282.2 bp 487.0 bp
Jordan 6.211% 653.7 bp 436.1 bp 298.3 bp 503.1 bp
Russia 6.445% 677.1 bp 459.5 bp 321.7 bp 526.5 bp
India 6.479% 680.5 bp 462.9 bp 325.1 bp 529.9 bp
Brazil 6.659% 698.5 bp 480.9 bp 343.1 bp 547.9 bp
Indonesia 7.113% 743.9 bp 526.3 bp 388.5 bp 593.3 bp
Mexico 7.122% 744.8 bp 527.2 bp 389.4 bp 594.2 bp
Bahrain (*) 7.251% 757.7 bp 540.1 bp 402.3 bp 607.1 bp
... Spread vs ... Ger Usa Chi Aus
South Africa 8.556% 888.2 bp 670.6 bp 532.8 bp 737.6 bp
Bangladesh 9.260% 958.6 bp 741.0 bp 603.2 bp 808.0 bp
Ukraine (*) 9.510% 983.6 bp 766.0 bp 628.2 bp 833.0 bp
Sri Lanka 10.567% 1089.3 bp 871.7 bp 733.9 bp 938.7 bp
Namibia 10.577% 1090.3 bp 872.7 bp 734.9 bp 939.7 bp
Pakistan 11.588% 1191.4 bp 973.8 bp 836.0 bp 1040.8 bp
Kenya 12.029% 1235.5 bp 1017.9 bp 880.1 bp 1084.9 bp
Turkey 12.460% 1278.6 bp 1061.0 bp 923.2 bp 1128.0 bp
Nigeria 12.752% 1307.8 bp 1090.2 bp 952.4 bp 1157.2 bp
Egypt 14.456% 1478.2 bp 1260.6 bp 1122.8 bp 1327.6 bp
Uganda 15.666% 1599.2 bp 1381.6 bp 1243.8 bp 1448.6 bp
Zambia 31.750% 3207.6 bp 2990.0 bp 2852.2 bp 3057.0 bp
Venezuela (*) 46.582% 4690.8 bp 4473.2 bp 4335.4 bp 4540.2 bp
Argentina (*) 57.716% 5804.2 bp 5586.6 bp 5448.8 bp 5653.6 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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