Global Yields
Sovereign yields for eight major currencies at three points on the curve, and the next scheduled policy decision from the eight central banks behind those currencies. The banks set policy rates; these yields are market prices that respond to them. Dates are the banks' own published calendars; a date that is not confirmed is not shown.
Link 1, policy The next announced rate decision among the eight banks behind the eight currencies this page covers. A decision sets the policy rate, which anchors and influences the short end of that currency's curve; sovereign yields are market prices.
Next decision the Fed, the BoC and the RBNZ, in 6 days then the ECB, in 7 days
The daily question
Link 2, the curve A question about the curve history, drawn from the two snapshots selected for this page's daily question. Those snapshots can be earlier than the latest figures.
Figures dated 2026-10-21.
Which has the higher 10-year government yield: EUR or AUD?
- EUR
- AUD
EUR here is the German curve — the euro area has no single sovereign issuer.
Show the answer
AUD. EUR 3.394% against AUD 5.251% — a gap of 1.857 percentage points.
The gap between two countries' 10-year yields is the long-horizon version of the rate differential: the compensation for holding one country's long paper rather than the other's. The best-documented version of that relationship is narrower than this question in every dimension. A Federal Reserve Board FEDS Note (2024) finds a 1 percentage point widening of the 2-year overnight index swap differential, between the US and an average of eight advanced foreign economies, associated with approximately 3.5% dollar appreciation. Swap rates rather than the government bond yields on this page, two years rather than ten, and one currency against a basket rather than any pair. It is the shape of the mechanism, not a number that transfers. Menkhoff, Sarno, Schmeling and Schrimpf (2012) show that global FX volatility is a priced risk factor in carry-trade returns: the compensation a differential offers is not free of risk, and that risk is one the cross-section prices. Neither result says what a gap between two 10-year yields does on any given day.
Sovereign yields
Figures dated , published by bonds-api.com.
Link 2, the curve The price of money across three maturities for the eight currencies, which is what policy decisions (link 1) feed into. Compare a column to set one country's rate against another's at the same maturity; compare a row for the shape of one country's curve. The US row is the same kind of nominal yield that /real-rates splits into a real return and inflation compensation (link 3), though from a separate source, so the two pages can show different US figures. The gap between the US row and another row at one maturity is the kind of rate differential the dollar pairs on /FX sit against (link 4).
EUR is the German curve — the euro area has no single sovereign issuer, and other members trade at a spread to it.
| Currency | 3M | 2Y | 10Y |
|---|---|---|---|
| USD | 4.178% | 4.795% | 5.129% |
| EUR | 2.561% | 3.056% | 3.394% |
| GBP | 4.164% | 4.963% | 5.414% |
| JPY | 1.224% | 1.897% | 2.894% |
| CHF | -0.080% | 0.213% | 0.511% |
| CAD | 2.520% | 3.326% | 3.893% |
| AUD | — | 4.908% | 5.251% |
| NZD | 3.340% | 3.960% | 5.060% |
How to use this table
Missing values
A dash means the series was not available in the latest reading. It is not a zero.
Euro row
EUR is the German curve. Other euro-area issuers trade at a spread to it, so the row is a benchmark and not an area average.
Dating
When a date is shown above the table, it is the date the publisher gave the figures: a calendar date, not a time of day. Where the line says the date is unconfirmed, the publisher gave none the page could use.
Educational and decision-support content only. Not financial, investment, or trading advice. Full disclaimer.