Inverted Yield Curves

Last Update: 10 Dec 2023 15:24 GMT+0

32 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.

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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.

Cells with red background shows an inverted yield case.
Cells with yellow background shows a flat yield case.
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Country Long vs Short Term
10Y vs 2Y Spread
Mid vs Short Term
5Y vs 2Y Spread
Short Term
2Y vs 1Y Spread
Ukraine
Turkey
Pakistan
Russia
Iceland
Kazakhstan
Mexico
Czech Republic
Egypt
Hungary
Canada
Sweden
Denmark
Sri Lanka
Norway
Qatar
United Kingdom
United States
Singapore
Ireland
Germany
Switzerland
Bahrain
Slovenia
Netherlands
Hong Kong
Belgium
Finland
Slovakia
New Zealand
Austria
South Korea
Chile
Latvia
France
Spain
India
Croatia
Portugal
Philippines
Poland
Taiwan
Bangladesh
Indonesia
Malta
China
Australia
Israel
Thailand
Malaysia
Greece
Colombia
Cyprus
Lithuania
Romania
Vietnam
Japan
Mauritius
Italy
Morocco
Brazil
Bulgaria
Perù
Namibia
South Africa
Serbia
Nigeria
Uganda
Kenya
Zambia