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GlobalUpdated every business day · as of 2026-10-07

Global 10-Year Bond Yields: 30 Countries Compared

The benchmark long-term interest rate for every major economy on one page. The majors are daily official series — US Treasury, Japan's Ministry of Finance, the Bundesbank, the Bank of England, the Bank of Canada, the RBA and the ECB — and the rest are OECD monthly long-term rates via FRED. Each country carries its 1-month and 1-year change, its spread against the US 10-year on the same cadence, and where today's yield ranks in its own history.

The answer · 10-year yields2026-10-05GB as of
5.42%United Kingdom

Highest of the daily-tracked majors; the lowest is Japan at 3.10% and the US 10-year is 5.31%.

Biggest 1-year move
Japan +143 bp
Higher than a year ago
26/30 countries
Japan (JGB 10Y) →
3.10%highest since August 1996
Widest spread vs US
Mexico +4.48 pp

Today's reading

As of October 5, 2026, the highest 10-year yield among the daily-tracked majors is United Kingdom at 5.42% and the lowest is Japan at 3.10%; the US 10-year is 5.31%. Over the past year the biggest move is Japan (+143 bp). Across all 30 countries tracked, 26 have a higher 10-year yield than a year ago. Japan's 3.10% is its highest since August 1996.

US yield advantage, H.10-weighted

+1.45 ptsas of 2026-10-05 · +0.96 at 2025-12-31Tripwire not crossed: 0 of the last 10 sessions above 1.50

The US 10-year minus the average of the euro-area, Canadian, Japanese, UK and Australian 10-years, weighted by their 2026 shares of the Federal Reserve's broad dollar index (EA 21.0%, CA 12.8%, JP 5.2%, GB 5.2%, AU 1.4%; 45.6% of the index). Fixed 2026 weights applied to history since 2013-05-20; not the historical currency composition. Read by the “What rising bond yields mean” research note as its dollar tripwire.

Sources, methodology & freshnessUS Treasury (FRED DGS10), Japan MOF, Bundesbank, Bank of England, Bank of Canada, RBA, ECB — daily; OECD long-term rates via FRED — monthly · Every business day (daily majors); OECD monthly with ~6-week lagData as of 2026-10-07 · Open ↓
Source
US Treasury (FRED DGS10), Japan MOF, Bundesbank, Bank of England, Bank of Canada, RBA, ECB — daily; OECD long-term rates via FRED — monthly
Methodology
Latest print per country; 1M/1Y changes and US spreads on the country's own cadence; percentile within its full monthly history
Updates
Every business day (daily majors); OECD monthly with ~6-week lagData as of 2026-10-07
Maintained & reviewed by Yuriy Matso — methodology shown on the page.
01

10-year yields compared

Daily series for the majors, monthly for the rest; beyond two years the daily lines are drawn at weekly resolution. Toggle countries with the chips or pick a preset.

RangePreset
Loading series…

Sources: US Treasury via FRED; Japan MOF; Bundesbank; Bank of England; Bank of Canada; RBA; ECB (daily). OECD long-term rates via FRED (monthly). Hover for values.

02

All 30 countries

Latest print per country with its cadence badge (D daily official, M OECD monthly). Changes and the spread vs the US 10-year are computed on the country's own cadence; the percentile ranks the latest yield within the country's full history.

Country pages🇺🇸 US Treasuries🇯🇵 Japan🇩🇪 Germany🇬🇧 United Kingdom🇫🇷 France🇮🇹 Italy🇪🇸 Spain🇨🇦 Canada🇦🇺 Australia🇨🇭 Switzerland🇰🇷 Korea
Mexico9.16%
as of Aug 2026 (M)1Y +2 bpvs US +4.48 pp73th pctile
South Africa8.75%
as of Aug 2026 (M)1Y -139 bpvs US +4.07 pp40th pctile
Chile5.55%
as of Jul 2026 (M)1Y -7 bpvs US +0.95 pp53th pctile
Poland5.50%
as of Jul 2026 (M)1Y +16 bpvs US +0.90 pp55th pctile
Hungary5.46%
as of Aug 2026 (M)1Y -157 bpvs US +0.78 pp30th pctile
United Kingdom5.42%
as of Oct 5, 2026 (D)1Y +67 bpvs US +0.11 pp43th pctile
Australia5.34%
as of Sep 30, 2026 (D)1Y +104 bpvs US +0.05 pp32th pctile
United States5.31%
as of Oct 5, 2026 (D)1Y +118 bpvs US —56th pctile
Czechia4.91%
as of Aug 2026 (M)1Y +56 bpvs US +0.23 pp86th pctile
New Zealand4.71%
as of Aug 2026 (M)1Y +30 bpvs US +0.03 pp26th pctile
Korea4.29%
as of Aug 2026 (M)1Y +147 bpvs US -0.39 pp61th pctile
Norway4.29%
as of Aug 2026 (M)1Y +41 bpvs US -0.39 pp48th pctile
France4.00%
as of Aug 2026 (M)1Y +58 bpvs US -0.68 pp31th pctile
Italy3.99%
as of Aug 2026 (M)1Y +45 bpvs US -0.69 pp38th pctile
Israel3.93%
as of Aug 2026 (M)1Y -24 bpvs US -0.75 pp37th pctile
Canada3.92%
as of Oct 6, 2026 (D)1Y +71 bpvs US -1.39 pp29th pctile
Greece3.87%
as of Aug 2026 (M)1Y +50 bpvs US -0.81 pp27th pctile
Belgium3.76%
as of Aug 2026 (M)1Y +53 bpvs US -0.92 pp24th pctile
Spain3.63%
as of Aug 2026 (M)1Y +38 bpvs US -1.05 pp29th pctile
Finland3.52%
as of Aug 2026 (M)1Y +43 bpvs US -1.16 pp46th pctile
Germany3.52%
as of Oct 7, 2026 (D)1Y +76 bpvs US -1.79 pp27th pctile
Euro area (AAA)3.52%
as of Oct 6, 2026 (D)1Y +73 bpvs US -1.79 pp78th pctile
Portugal3.44%
as of Jul 2026 (M)1Y +34 bpvs US -1.16 pp36th pctile
Austria3.41%
as of Aug 2026 (M)1Y +39 bpvs US -1.27 pp44th pctile
Ireland3.35%
as of Aug 2026 (M)1Y +41 bpvs US -1.33 pp24th pctile
Netherlands3.29%
as of Aug 2026 (M)1Y +41 bpvs US -1.40 pp24th pctile
Japan3.10%
as of Oct 6, 2026 (D)1Y +143 bpvs US -2.21 pp81th pctile
Sweden3.02%
as of Aug 2026 (M)1Y +59 bpvs US -1.66 pp41th pctile
Denmark3.01%
as of Aug 2026 (M)1Y +46 bpvs US -1.67 pp40th pctile
Switzerland0.47%
as of Aug 2026 (M)1Y +15 bpvs US -4.21 pp13th pctile

Rising yields are shown in red and falling in green (bond prices move inversely). Data: daily.csv · monthly.csv · summary.json

How Global 10-Year Yields Works

  1. 1
    Two layers of data, both official and free
    The majors come straight from the issuer's own statistics office or central bank every business day: the US Treasury constant-maturity 10-year via FRED, Japan's Ministry of Finance JGB par-yield curve, the Bundesbank's term-structure yield at ten years, the Bank of England's nominal par gilt yield, the Bank of Canada's 10-year benchmark, the Reserve Bank of Australia's interpolated 10-year and the ECB's euro-area AAA spot curve. Every other country is the OECD's monthly long-term government bond rate, published through FRED with roughly a six-week lag.
  2. 2
    Compare like with like
    Spreads against the US 10-year are computed on the same cadence as the country's own series — a daily yield against that day's US close, a monthly OECD rate against the same month's US monthly average — so a lagging monthly print is never compared with today's Treasury.
  3. 3
    Rank each country against itself
    The percentile places the latest yield within the country's own full monthly history (Germany since 1956, Japan since 1989, Korea since 2000), which is what makes a 3% Bund and a 3% JGB read so differently: one is a quarter of the way up its record, the other near the top of it.
  4. 4
    Chart the ones you care about
    The comparison chart opens on the daily majors; toggle any of the 30 countries on or off, switch presets (majors, G7, Europe, Asia-Pacific, emerging) and pick a window from one year to the full record. Daily series are shown at weekly resolution beyond two years so the long history stays legible.

Who Uses Global 10-Year Yields

Global macro traders
See where the world's long-end is repricing before it shows up in currencies: the 1-year change column ranks the biggest movers, and the spread column shows who is closing on or pulling away from the US.
Rates and FX analysts
Rate differentials drive carry and currency trends. The US spread per country, on a like-for-like cadence, is the raw input, with each country's own page holding the full history.
Equity allocators
The discount rate for every country's equity market is its own long yield. Rising yields at the top of a country's range (Japan in 2026) change the valuation math for that market specifically.
Anyone watching Japan
The JGB 10-year, daily from the Ministry of Finance since 1986, sits next to its OECD monthly history so the "highest since" reading is precise rather than approximate.

Pro Tips

01
Read the percentile before the level
A 4% yield is high for Switzerland and low for Mexico; the rank within each country's own record is the comparable number. Levels reflect each country's inflation history and credit standing; ranks reflect where the cycle is.
02
Daily majors for timing, OECD monthly for breadth
The monthly layer answers "how many countries are higher than a year ago"; the daily layer answers "what happened this week". The two layers have different lags, so keep them in separate sentences.
03
Watch the spread against the US as well as the US itself
A Bund at 3.2% with the Treasury at 4.7% is a 1.5-point gap; when that gap moves, the euro usually moves with it. Differentials, not levels, are what capital responds to.

Common Issues & Solutions

A country shows a June date in August▾
That country is on the OECD monthly layer, which FRED publishes about six weeks after month-end. The daily majors carry the current date; the badge next to each date says which layer you are reading.
The Japan history looks sparse before 1986▾
The MOF publishes 10-year par yields daily from July 1986; before that the page uses OECD monthly points where available. The country page states the cadence change.
The US figure differs slightly from other sources▾
We use the Treasury's constant-maturity 10-year (DGS10). Futures-implied or benchmark-bond quotes can differ by a few basis points on the same day.

Frequently Asked Questions

What is a 10-year government bond yield?▾
The annual return an investor earns holding a country's 10-year government bond to maturity at today's price. It is the benchmark long-term interest rate for that economy: it anchors mortgage and corporate borrowing costs, sets the discount rate for local equities and reflects the market's expectations for growth, inflation and central-bank policy over the coming decade.
Which countries are included?▾
Thirty: the United States, Japan, Germany, the United Kingdom, France, Italy, Spain, Canada, Australia, Switzerland, Korea, the Netherlands, Sweden, Norway, Denmark, Finland, Belgium, Austria, Ireland, Portugal, Greece, Poland, Czechia, Hungary, New Zealand, Mexico, Chile, South Africa and Israel, plus the euro-area AAA curve. Seven are daily official series; the rest are OECD monthly long-term rates.
Why is Japan's yield so much lower than everyone else's?▾
Decades of near-zero inflation and the Bank of Japan's yield-curve control kept the JGB 10-year near zero from 2016 to 2021. The move since then, to the highest levels since the mid-1990s, is why Japan ranks near the top of its own history even though its level is the lowest among the majors.
What does the spread vs the US 10-year mean?▾
The country's yield minus the US 10-year on the same cadence. A negative spread means the country pays less than the US to borrow for ten years; a shrinking negative spread means the gap is closing. Rate differentials are a primary driver of currency moves and cross-border bond flows.
How often does the page update?▾
Every business day. The daily majors update with each source's own publication (typically the next morning); the OECD monthly layer updates when FRED posts each month's figures, about six weeks after month-end.
Can I download the data?▾
Yes. The comparison dataset is published as two CSVs (daily majors and monthly OECD) plus a summary JSON, and each major country has its own indicator page with a full-history CSV.

Explore Other Tools

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Inflation Expectations
The US breakeven term structure behind the Treasury yield
Last updated: 2026-10-07