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: 19 Jan 2022 18:15 GMT+0

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Country 10Y Yield Spread vs
Ger Usa Chi Aus
Germany -0.010% 0 bp -184.2 bp -275.5 bp -196.6 bp
Switzerland -0.005% 0.5 bp -183.7 bp -275.0 bp -196.1 bp
Netherlands 0.100% 11.0 bp -173.2 bp -264.5 bp -185.6 bp
Japan 0.134% 14.4 bp -169.8 bp -261.1 bp -182.2 bp
Slovakia 0.170% 18.0 bp -166.2 bp -257.5 bp -178.6 bp
Denmark 0.200% 21.0 bp -163.2 bp -254.5 bp -175.6 bp
Austria 0.218% 22.8 bp -161.4 bp -252.7 bp -173.8 bp
Finland 0.230% 24.0 bp -160.2 bp -251.5 bp -172.6 bp
Belgium 0.297% 30.7 bp -153.5 bp -244.8 bp -165.9 bp
Ireland 0.371% 38.1 bp -146.1 bp -237.4 bp -158.5 bp
France 0.378% 38.8 bp -145.4 bp -236.7 bp -157.8 bp
Sweden 0.390% 40.0 bp -144.2 bp -235.5 bp -156.6 bp
Slovenia 0.424% 43.4 bp -140.8 bp -232.1 bp -153.2 bp
Latvia 0.550% 56.0 bp -128.2 bp -219.5 bp -140.6 bp
Bulgaria 0.551% 56.1 bp -128.1 bp -219.4 bp -140.5 bp
Portugal 0.603% 61.3 bp -122.9 bp -214.2 bp -135.3 bp
Lithuania 0.650% 66.0 bp -118.2 bp -209.5 bp -130.6 bp
Spain 0.679% 68.9 bp -115.3 bp -206.6 bp -127.7 bp
Taiwan 0.740% 75.0 bp -109.2 bp -200.5 bp -121.6 bp
... Spread vs ... Ger Usa Chi Aus
Croatia 0.749% 75.9 bp -108.3 bp -199.6 bp -120.7 bp
Cyprus 0.825% 83.5 bp -100.7 bp -192.0 bp -113.1 bp
Malta 0.871% 88.1 bp -96.1 bp -187.4 bp -108.5 bp
United Kingdom 1.262% 127.2 bp -57.0 bp -148.3 bp -69.4 bp
Israel 1.283% 129.3 bp -54.9 bp -146.2 bp -67.3 bp
Italy 1.406% 141.6 bp -42.6 bp -133.9 bp -55.0 bp
Greece 1.712% 172.2 bp -12.0 bp -103.3 bp -24.4 bp
Hong Kong 1.717% 172.7 bp -11.5 bp -102.8 bp -23.9 bp
United States 1.832% 184.2 bp 0 bp -91.3 bp -12.4 bp
Canada 1.865% 187.5 bp 3.3 bp -88.0 bp -9.1 bp
Singapore 1.866% 187.6 bp 3.4 bp -87.9 bp -9.0 bp
Norway 1.930% 194.0 bp 9.8 bp -81.5 bp -2.6 bp
Australia 1.956% 196.6 bp 12.4 bp -78.9 bp 0 bp
Vietnam 2.086% 209.6 bp 25.4 bp -65.9 bp 13.0 bp
Thailand 2.177% 218.7 bp 34.5 bp -56.8 bp 22.1 bp
Morocco 2.180% 219.0 bp 34.8 bp -56.5 bp 22.4 bp
Qatar 2.408% 241.8 bp 57.6 bp -33.7 bp 45.2 bp
South Korea 2.536% 254.6 bp 70.4 bp -20.9 bp 58.0 bp
New Zealand 2.602% 261.2 bp 77.0 bp -14.3 bp 64.6 bp
China 2.745% 275.5 bp 91.3 bp 0 bp 78.9 bp
... Spread vs ... Ger Usa Chi Aus
Czech Republic 3.273% 328.3 bp 144.1 bp 52.8 bp 131.7 bp
Malaysia 3.752% 376.2 bp 192.0 bp 100.7 bp 179.6 bp
Serbia 3.958% 396.8 bp 212.6 bp 121.3 bp 200.2 bp
Mauritius 3.973% 398.3 bp 214.1 bp 122.8 bp 201.7 bp
Poland 4.012% 402.2 bp 218.0 bp 126.7 bp 205.6 bp
Iceland 4.327% 433.7 bp 249.5 bp 158.2 bp 237.1 bp
Hungary 4.875% 488.5 bp 304.3 bp 213.0 bp 291.9 bp
Jordan 4.904% 491.4 bp 307.2 bp 215.9 bp 294.8 bp
Philippines 4.905% 491.5 bp 307.3 bp 216.0 bp 294.9 bp
Romania 5.460% 547.0 bp 362.8 bp 271.5 bp 350.4 bp
Bahrain (*) 5.523% 553.3 bp 369.1 bp 277.8 bp 356.7 bp
PerĂ¹ 6.176% 618.6 bp 434.4 bp 343.1 bp 422.0 bp
Chile 6.210% 622.0 bp 437.8 bp 346.5 bp 425.4 bp
Indonesia 6.499% 650.9 bp 466.7 bp 375.4 bp 454.3 bp
Botswana (*) 6.562% 657.2 bp 473.0 bp 381.7 bp 460.6 bp
India 6.598% 660.8 bp 476.6 bp 385.3 bp 464.2 bp
Bangladesh 7.545% 755.5 bp 571.3 bp 480.0 bp 558.9 bp
Mexico 8.024% 803.4 bp 619.2 bp 527.9 bp 606.8 bp
Colombia 9.050% 906.0 bp 721.8 bp 630.5 bp 709.4 bp
Russia 9.270% 928.0 bp 743.8 bp 652.5 bp 731.4 bp
... Spread vs ... Ger Usa Chi Aus
South Africa 9.370% 938.0 bp 753.8 bp 662.5 bp 741.4 bp
Brazil 11.551% 1156.1 bp 971.9 bp 880.6 bp 959.5 bp
Pakistan 11.746% 1175.6 bp 991.4 bp 900.1 bp 979.0 bp
Namibia 11.777% 1178.7 bp 994.5 bp 903.2 bp 982.1 bp
Sri Lanka 12.469% 1247.9 bp 1063.7 bp 972.4 bp 1051.3 bp
Nigeria 12.617% 1262.7 bp 1078.5 bp 987.2 bp 1066.1 bp
Kenya 13.041% 1305.1 bp 1120.9 bp 1029.6 bp 1108.5 bp
Uganda 14.325% 1433.5 bp 1249.3 bp 1158.0 bp 1236.9 bp
Egypt 15.250% 1526.0 bp 1341.8 bp 1250.5 bp 1329.4 bp
Ukraine (*) 15.390% 1540.0 bp 1355.8 bp 1264.5 bp 1343.4 bp
Turkey 23.050% 2306.0 bp 2121.8 bp 2030.5 bp 2109.4 bp
Zambia 23.500% 2351.0 bp 2166.8 bp 2075.5 bp 2154.4 bp
Venezuela (*) 46.582% 4659.2 bp 4475.0 bp 4383.7 bp 4462.6 bp
Argentina (*) 49.010% 4902.0 bp 4717.8 bp 4626.5 bp 4705.4 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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