United Kingdom Government Bond Yield: Zero Coupon: 5 Years data was reported at 1.014 % pa in Oct 2018. This records a decrease from the previous number of 1.152 % pa for Sep 2018. United Kingdom Government Bond Yield: Zero Coupon: 5 Years data is updated monthly, averaging 5.329 % pa from Jan 1982 (Median) to Oct 2018, with 442 observations. The data reached an all-time high of 14.936 % pa in Jan 1982 and a record low of 0.218 % pa in Aug 2016. United Kingdom Government Bond Yield: Zero Coupon: 5 Years data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.M013: Government Bond Yield.

In 2024, the average yearly yield of UK 10-year government bonds was **** percent. The UK 10-year gilt has shown a significant downward trend from 1990 to 2024. Starting at nearly ** percent in 1990, yields steadily declined, with slight fluctuations, reaching a low of **** percent in 2020. After 2020, yields began to rise again, reflecting recent increases in interest rates and inflation expectations. This long-term decline indicates decreasing inflation and interest rates in Australia over the past decades, with recent economic conditions prompting a reversal in bond yields.

United Kingdom Government Bond Yield: Zero Coupon: Monthly Avg: 20 Years data was reported at 1.995 % pa in Oct 2018. This records an increase from the previous number of 1.927 % pa for Sep 2018. United Kingdom Government Bond Yield: Zero Coupon: Monthly Avg: 20 Years data is updated monthly, averaging 4.504 % pa from Mar 1992 (Median) to Oct 2018, with 320 observations. The data reached an all-time high of 9.368 % pa in Oct 1992 and a record low of 1.369 % pa in Aug 2016. United Kingdom Government Bond Yield: Zero Coupon: Monthly Avg: 20 Years data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.M013: Government Bond Yield.

The yield on UK 20 Year Bond Yield rose to 5.15% on December 1, 2025, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.05 points and is 0.47 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 UK 20Y.

United Kingdom Government Bond Yield: Zero Coupon: Monthly Avg: 10 Years data was reported at 1.552 % pa in Oct 2018. This records an increase from the previous number of 1.510 % pa for Sep 2018. United Kingdom Government Bond Yield: Zero Coupon: Monthly Avg: 10 Years data is updated monthly, averaging 5.108 % pa from Jan 1982 (Median) to Oct 2018, with 442 observations. The data reached an all-time high of 14.961 % pa in Jan 1982 and a record low of 0.712 % pa in Aug 2016. United Kingdom Government Bond Yield: Zero Coupon: Monthly Avg: 10 Years data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.M013: Government Bond Yield.

Government debt in the United Kingdom reached over 2.8 trillion British pounds in 2024/25, compared with 2.69 trillion pounds in the previous financial year. Although debt has been increasing throughout this period, there is a noticeable jump between 2019/20, and 2020/21, when debt increased from 1.82 trillion pounds, to 2.15 trillion. The UK's government debt was the equivalent of 93.5 percent of GDP in 2024/25, and is expected to increase slightly in coming years, and not start falling until the end of this decade. Public finances in a tight spot With government debt approaching 100 percent of GDP, the UK finds itself in a tricky fiscal situation. If the UK can't reduce it's spending, or increase its revenue, the government will have to continue borrowing large amounts, increasing the debt further. Adding to the problem, is the fact that financing this debt has got steadily more expensive recently, with the government currently spending more on debt interest than it does on defence, transport, and public order and safety. Can the UK grow out its debt? After the Second World War, when the national debt reached over 250 percent of GDP, the UK managed to reduce its debt-to-GDP ratio, due to the economy growing faster than its debt over a long period of time. This is certainly the hope of the current Labour government, who are seeking to avoid significant tax and spending adjustments by strengthening the economy. Overdue investments in infrastructure and increased capital spending may eventually achieve this goal, but the government's declining popularity suggests they may not be in power by the time these policies might eventually bear fruit.

The yield on Germany 10Y Bond Yield eased to 2.70% on November 21, 2025, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.14 points and is 0.44 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 November of 2025.

As of July 18, 2025, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United Kingdom had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

As of December 2024, the countries with the highest 10-year yields are the United Kingdom, the United States and Australia with 4.68, 4.38 and 4.21 percent, respectively. Of the largest economies by GDP, the United States saw the sharpest fall in absolute terms for 10-year government bond yields due to the coronavirus (COVID-19) pandemic. From a level of 1.51 percent in January 2020, yields on 10-year government bonds fell to 0.65 percent by April 2020, and had further fallen to 0.53 percent by July 2020 before starting to recover towards the end of the year. Conversely, countries that went into 2020 with already low bond yields like Japan, Germany and France actually saw a small increase in March 2020 - although these already low yields mean that these small changes are significant in relative terms.

United Kingdom Govt Secs: Gilt Holdings: CG: Overseas Holdings (OH) data was reported at 535,681.000 GBP mn in Jun 2018. This records a decrease from the previous number of 535,995.000 GBP mn for Mar 2018. United Kingdom Govt Secs: Gilt Holdings: CG: Overseas Holdings (OH) data is updated quarterly, averaging 63,374.000 GBP mn from Mar 1987 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 541,204.000 GBP mn in Dec 2017 and a record low of 14,169.000 GBP mn in Mar 1990. United Kingdom Govt Secs: Gilt Holdings: CG: Overseas Holdings (OH) data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

United Kingdom Govt Secs: Net Issuance: Nominal Value: Index Linked Gilts data was reported at 419.767 GBP mn in Sep 2018. This records an increase from the previous number of 411.858 GBP mn for Jun 2018. United Kingdom Govt Secs: Net Issuance: Nominal Value: Index Linked Gilts data is updated quarterly, averaging 249.783 GBP mn from Jun 2005 (Median) to Sep 2018, with 54 observations. The data reached an all-time high of 419.767 GBP mn in Sep 2018 and a record low of 90.063 GBP mn in Jun 2005. United Kingdom Govt Secs: Net Issuance: Nominal Value: Index Linked Gilts data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

Public sector net debt amounted to 93.5 percent of gross domestic product in the United Kingdom during the 2024/25 financial year. Following the COVID-19 pandemic, UK government debt has reached levels not seen since the early 1960s, due to a significant increase in borrowing in 2020/21. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44 percent of GDP. This spending was financed by 1.14 trillion pounds of revenue raised, and almost 150 billion pounds of borrowing. Although the UK government can continue to borrow money to finance its spending, the amount spent on debt interest has increased significantly in recent years. Current forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and also held back on more significant cuts to welfare.

United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts & T-Bills data was reported at 1,959.627 GBP mn in Sep 2018. This records a decrease from the previous number of 2,007.616 GBP mn for Jun 2018. United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts & T-Bills data is updated quarterly, averaging 1,313.737 GBP mn from Jun 2005 (Median) to Sep 2018, with 54 observations. The data reached an all-time high of 2,007.616 GBP mn in Jun 2018 and a record low of 424.221 GBP mn in Jun 2005. United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts & T-Bills data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

United Kingdom UK: Gross Public Debt: USD: Central Government: Debt Securities: Market Value data was reported at 2,693.370 USD bn in Jun 2018. This records a decrease from the previous number of 2,860.125 USD bn for Mar 2018. United Kingdom UK: Gross Public Debt: USD: Central Government: Debt Securities: Market Value data is updated quarterly, averaging 935.915 USD bn from Mar 1995 (Median) to Jun 2018, with 94 observations. The data reached an all-time high of 2,860.125 USD bn in Mar 2018 and a record low of 396.616 USD bn in Mar 1995. United Kingdom UK: Gross Public Debt: USD: Central Government: Debt Securities: Market Value data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.QPSD: Gross Public Debt: Central Government.

United Kingdom Govt Secs: Gross Issuance: Market Value: All Gilts & T-Bills data was reported at 2,100.633 GBP mn in Sep 2018. This records a decrease from the previous number of 2,154.450 GBP mn for Jun 2018. United Kingdom Govt Secs: Gross Issuance: Market Value: All Gilts & T-Bills data is updated quarterly, averaging 1,256.528 GBP mn from Mar 2004 (Median) to Sep 2018, with 59 observations. The data reached an all-time high of 2,162.250 GBP mn in Sep 2016 and a record low of 371.753 GBP mn in Mar 2004. United Kingdom Govt Secs: Gross Issuance: Market Value: All Gilts & T-Bills data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.

United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts data was reported at 1,899.714 GBP mn in Sep 2018. This records a decrease from the previous number of 1,947.688 GBP mn for Jun 2018. United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts data is updated quarterly, averaging 1,243.418 GBP mn from Jun 2005 (Median) to Sep 2018, with 54 observations. The data reached an all-time high of 1,947.688 GBP mn in Jun 2018 and a record low of 400.513 GBP mn in Jun 2005. United Kingdom Govt Secs: Net Issuance: Market Value: All Gilts data remains active status in CEIC and is reported by Debt Management Office. The data is categorized under Global Database’s United Kingdom – Table UK.Z016: Debt Management Office: Debt Securities Statistics.