The yield on US 2 Year Note Bond Yield rose to 3.96% on July 31, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.18 points, though it remains 0.20 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 2 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on US 10 Year Note Bond Yield rose to 4.38% on July 30, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.14 points and is 0.34 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 10 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on July of 2025.

As of July 22, 2025, the yield for a ten-year U.S. government bond was 4.38 percent, while the yield for a two-year bond was 3.88 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis (DGS20) from 1962-01-02 to 2025-07-29 about 20-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on Japan 2 Year Bond Yield eased to 0.83% on July 31, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.36 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 2 Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for 10-Year Treasury Constant Maturity Minus Federal Funds Rate (T10YFF) from 1962-01-02 to 2025-07-29 about yield curve, spread, 10-year, maturity, Treasury, federal, interest rate, interest, rate, and USA.

The yield on US 30 Year Bond Yield eased to 4.87% on July 31, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.10 points and is 0.59 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 30 Year Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Australia 2 Year Bond Yield rose to 3.37% on July 31, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.17 points, though it remains 0.49 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Australia 2 Year Note Yield - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for 10-Year Real Interest Rate (REAINTRATREARAT10Y) from Jan 1982 to Jul 2025 about 10-year, interest rate, interest, real, rate, and USA.

The yield on Canada 2 Year Bond Yield rose to 2.79% on July 30, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.12 points, though it remains 0.67 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Canada 2Y.

This paper compares the effects of conventional monetary policy on real borrowing costs with those of the unconventional measures employed after the target federal funds rate hit the zero lower bound (ZLB). For the ZLB period, we identify two policy surprises: changes in the two-year Treasury yield around policy announcements and changes in the ten-year Treasury yield that are orthogonal to those in the two-year yield. The efficacy of unconventional policy in lowering real borrowing costs is comparable to that of conventional policy, in that it implies a complete pass-through of policy-induced movements in Treasury yields to comparable-maturity private yields. (JEL E31, E43, E44, E52)

Slovakia SK: Long-Term Interest Rate: Government Bonds: Double Hit Scenario data was reported at 0.097 % in 2021. This records an increase from the previous number of 0.087 % for 2020. Slovakia SK: Long-Term Interest Rate: Government Bonds: Double Hit Scenario data is updated yearly, averaging 4.453 % from Dec 1996 (Median) to 2021, with 26 observations. The data reached an all-time high of 21.725 % in 1998 and a record low of 0.087 % in 2020. Slovakia SK: Long-Term Interest Rate: Government Bonds: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Slovakia – Table SK.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRL - Long-term interest rate on government bonds; Yield of long term government bond yield. Before September 2000, data refer to average interest rate yield for Government Bonds achieved on the primary market (with 2 years maturity). From September 2000, data refer to yields on 10-year benchmark bonds

The yield on Italy 10Y Bond Yield eased to 3.54% on July 31, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.06 points, though it remains 0.11 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Italy 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on August of 2025.

The yield on Canada 10Y Bond Yield eased to 3.45% on July 31, 2025, marking a 0.04 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.34 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Canada 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Japan 10Y Bond Yield eased to 1.56% on July 31, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.52 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 10 Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on China 10Y Bond Yield eased to 1.74% on July 31, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.10 points, though it remains 0.39 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. China 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Germany 10Y Bond Yield eased to 2.68% on July 31, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.11 points and is 0.43 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Germany 10-Year Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on France 10Y Bond Yield eased to 3.34% on August 1, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.02 points and is 0.38 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. France 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on August of 2025.

The yield on 10 Year TIPS Yield rose to 1.96% on July 30, 2025, marking a 0.04 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.01 points and is 0.08 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for the United States 10 Year TIPS Yield.

The yield on Australia 10Y Bond Yield eased to 4.28% on July 31, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.20 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Australia 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.