10-Year Bond Yields from Around the World — Oct. 31, 2020

I’m going to post some data, without commentary, and let the reader draw their own conclusions.

Here are the 10-year bond yields for every country in the world that meets these conditions:

  • Have their own currency (sorry countries using the euro)
  • Have a nominal GDP per capita of above $25,000 USD (from this list)

That leaves us with 15 countries, including Canada.

Here’s a chart of those 15 countries, containing:

  • Their bond rating as of Oct. 31, 2020 (source)
  • Their 10-year bond yield as of Oct. 31, 2020 (source)
  • Their central bank policy rate as of Oct. 31, 2020 (source)
  • Their 2020 nominal GDP per capita (source)
  • What percentage their currency makes up of global currency trades (source)

Here’s the full list:

Here’s that same list, removing the global currency heavyweights of US, Japan and UK:

Maybe a bit of commentary:

  • Canada’s bond yields are higher than our global competitors.
  • Can we kill this idea that the Bank of Canada is solely responsible for Canada’s “rock bottom low yields” (which, as it turns out, are not at rock bottom lows)?