Inverted Yield Curves

Last Update: 18 Jun 2024 14:23 GMT+0

30 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.
If data are not all visible, swipe table left
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
Malta
Kazakhstan
Mexico
Canada
Norway
Qatar
United States
Denmark
Kenya
Slovenia
Germany
Sweden
Hong Kong
New Zealand
Switzerland
Nigeria
Singapore
Lithuania
Ireland
United Kingdom
Austria
Netherlands
Finland
South Korea
Belgium
Latvia
India
France
Slovakia
Czech Republic
Spain
Hungary
Portugal
Bahrain
Australia
Bangladesh
Croatia
Cyprus
Egypt
Taiwan
Italy
Thailand
Indonesia
Malaysia
Morocco
Israel
Philippines
China
Poland
Brazil
Japan
Greece
Bulgaria
Romania
Vietnam
Colombia
Mauritius
Serbia
Chile
Namibia
Uganda
South Africa
Perù
Sri Lanka
Zambia