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: 9 Feb 2023 3:23 GMT+0

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Country 10Y Yield Spread vs
Ger Usa Chi Aus
Japan 0.488% -185.7 bp -313.2 bp -243.0 bp -317.9 bp
Taiwan 1.173% -117.2 bp -244.7 bp -174.5 bp -249.4 bp
Switzerland 1.385% -96.0 bp -223.5 bp -153.3 bp -228.2 bp
Sweden 2.111% -23.4 bp -150.9 bp -80.7 bp -155.6 bp
Germany 2.345% 0 bp -127.5 bp -57.3 bp -132.2 bp
Thailand 2.424% 7.9 bp -119.6 bp -49.4 bp -124.3 bp
Denmark 2.472% 12.7 bp -114.8 bp -44.6 bp -119.5 bp
Netherlands 2.656% 31.1 bp -96.4 bp -26.2 bp -101.1 bp
Ireland 2.784% 43.9 bp -83.6 bp -13.4 bp -88.3 bp
France 2.806% 46.1 bp -81.4 bp -11.2 bp -86.1 bp
Finland 2.892% 54.7 bp -72.8 bp -2.6 bp -77.5 bp
China 2.918% 57.3 bp -70.2 bp 0 bp -74.9 bp
Belgium 2.972% 62.7 bp -64.8 bp 5.4 bp -69.5 bp
Austria 2.974% 62.9 bp -64.6 bp 5.6 bp -69.3 bp
Malta 2.997% 65.2 bp -62.3 bp 7.9 bp -67.0 bp
Canada 3.036% 69.1 bp -58.4 bp 11.8 bp -63.1 bp
Norway 3.061% 71.6 bp -55.9 bp 14.3 bp -60.6 bp
Singapore 3.091% 74.6 bp -52.9 bp 17.3 bp -57.6 bp
Slovakia 3.220% 87.5 bp -40.0 bp 30.2 bp -44.7 bp
... Spread vs ... Ger Usa Chi Aus
Portugal 3.243% 89.8 bp -37.7 bp 32.5 bp -42.4 bp
United Kingdom 3.312% 96.7 bp -30.8 bp 39.4 bp -35.5 bp
Hong Kong 3.318% 97.3 bp -30.2 bp 40.0 bp -34.9 bp
Israel 3.322% 97.7 bp -29.8 bp 40.4 bp -34.5 bp
South Korea 3.340% 99.5 bp -28.0 bp 42.2 bp -32.7 bp
Spain 3.370% 102.5 bp -25.0 bp 45.2 bp -29.7 bp
Slovenia 3.401% 105.6 bp -21.9 bp 48.3 bp -26.6 bp
United States 3.620% 127.5 bp 0 bp 70.2 bp -4.7 bp
Australia 3.667% 132.2 bp 4.7 bp 74.9 bp 0 bp
Croatia 3.678% 133.3 bp 5.8 bp 76.0 bp 1.1 bp
Malaysia 3.840% 149.5 bp 22.0 bp 92.2 bp 17.3 bp
Cyprus 3.974% 162.9 bp 35.4 bp 105.6 bp 30.7 bp
Qatar 4.030% 168.5 bp 41.0 bp 111.2 bp 36.3 bp
New Zealand 4.182% 183.7 bp 56.2 bp 126.4 bp 51.5 bp
Morocco 4.200% 185.5 bp 58.0 bp 128.2 bp 53.3 bp
Italy 4.209% 186.4 bp 58.9 bp 129.1 bp 54.2 bp
Vietnam 4.273% 192.8 bp 65.3 bp 135.5 bp 60.6 bp
Greece 4.277% 193.2 bp 65.7 bp 135.9 bp 61.0 bp
Czech Republic 4.475% 213.0 bp 85.5 bp 155.7 bp 80.8 bp
Latvia (*) 4.600% 225.5 bp 98.0 bp 168.2 bp 93.3 bp
... Spread vs ... Ger Usa Chi Aus
Lithuania 4.650% 230.5 bp 103.0 bp 173.2 bp 98.3 bp
Jordan (*) 4.783% 243.8 bp 116.3 bp 186.5 bp 111.6 bp
Bahrain (*) 5.170% 282.5 bp 155.0 bp 225.2 bp 150.3 bp
Bulgaria 5.271% 292.6 bp 165.1 bp 235.3 bp 160.4 bp
Chile 5.660% 331.5 bp 204.0 bp 274.2 bp 199.3 bp
Mauritius 5.716% 337.1 bp 209.6 bp 279.8 bp 204.9 bp
Poland 6.005% 366.0 bp 238.5 bp 308.7 bp 233.8 bp
Philippines 6.432% 408.7 bp 281.2 bp 351.4 bp 276.5 bp
Iceland 6.706% 436.1 bp 308.6 bp 378.8 bp 303.9 bp
Indonesia 6.715% 437.0 bp 309.5 bp 379.7 bp 304.8 bp
Serbia 7.055% 471.0 bp 343.5 bp 413.7 bp 338.8 bp
Botswana (*) 7.215% 487.0 bp 359.5 bp 429.7 bp 354.8 bp
India 7.344% 499.9 bp 372.4 bp 442.6 bp 367.7 bp
Romania 7.630% 528.5 bp 401.0 bp 471.2 bp 396.3 bp
PerĂ¹ 7.987% 564.2 bp 436.7 bp 506.9 bp 432.0 bp
Hungary 8.130% 578.5 bp 451.0 bp 521.2 bp 446.3 bp
Bangladesh 8.505% 616.0 bp 488.5 bp 558.7 bp 483.8 bp
Mexico 9.003% 665.8 bp 538.3 bp 608.5 bp 533.6 bp
South Africa 9.775% 743.0 bp 615.5 bp 685.7 bp 610.8 bp
Russia 10.680% 833.5 bp 706.0 bp 776.2 bp 701.3 bp
... Spread vs ... Ger Usa Chi Aus
Turkey 11.460% 911.5 bp 784.0 bp 854.2 bp 779.3 bp
Namibia 11.550% 920.5 bp 793.0 bp 863.2 bp 788.3 bp
Colombia 11.900% 955.5 bp 828.0 bp 898.2 bp 823.3 bp
Brazil 13.306% 1096.1 bp 968.6 bp 1038.8 bp 963.9 bp
Nigeria 14.157% 1181.2 bp 1053.7 bp 1123.9 bp 1049.0 bp
Kazakhstan 14.302% 1195.7 bp 1068.2 bp 1138.4 bp 1063.5 bp
Kenya 14.349% 1200.4 bp 1072.9 bp 1143.1 bp 1068.2 bp
Pakistan 15.179% 1283.4 bp 1155.9 bp 1226.1 bp 1151.2 bp
Uganda 15.946% 1360.1 bp 1232.6 bp 1302.8 bp 1227.9 bp
Ukraine (*) 21.003% 1865.8 bp 1738.3 bp 1808.5 bp 1733.6 bp
Egypt 21.632% 1928.7 bp 1801.2 bp 1871.4 bp 1796.5 bp
Sri Lanka 28.153% 2580.8 bp 2453.3 bp 2523.5 bp 2448.6 bp
Zambia 30.190% 2784.5 bp 2657.0 bp 2727.2 bp 2652.3 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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