U.S. ten-year government bonds have provided significantly higher yields compared to German ten-year bonds since 2008, with the former yielding 4.5 percent in November 2023 compared to 2.06 percent for the latter.
Being safe but low-return investments, treasury bond yields are generally considered an indicator of investor confidence about the economy. A rising yield indicates falling rates and falling demand, meaning that investors prefer invest in higher-risk, higher-reward investments; a falling yield suggests the opposite.
Ten-year government bond yields from Germany and the United States between January 2008 and November 2023
Characteristic
United States
Germany
Nov '23
4.5%
2.6%
Oct '23
4.8%
2.82%
Sep' 23
4.38%
2.66%
Aug '23
4.17%
2.55%
Jul '23
3.9%
2.46%
Jun '23
3.75%
2.38%
May '23
3.57%
2.34%
Apr '23
3.46%
2.36%
Mar '23
3.66%
2.38%
Feb '23
3.75%
2.37%
Jan '23
3.53%
2.19%
Dec '22
3.62%
2.09%
Nov '22
3.89%
2.07%
Oct '22
3.98%
2.19%
Sep '22
3.52%
1.8%
Aug '22
2.9%
1.03%
Jul '22
2.9%
1.08%
Jun '22
3.14%
1.45%
May '22
2.9%
0.95%
Apr '22
2.75%
0.75%
Mar '22
2.13%
0.28%
Feb '22
1.93%
0.15%
Jan '22
1.76%
-0.11%
Dec '21
1.47%
-0.38%
Nov '21
1.56%
-0.31%
Oct '21
1.58%
-0.2%
Sep '21
1.37%
-0.36%
Aug '21
1.28%
-0.54%
Jul '21
1.32%
-0.45%
Jun '21
1.52%
-0.29%
May '21
1.62%
-0.22%
Apr '21
1.64%
-0.33%
Mar '21
1.61%
-0.36%
Feb '21
1.26%
-0.45%
Jan '21
1.08%
-0.58%
Dec '20
0.93%
-0.62%
Nov '20
0.87%
-0.61%
Oct '20
0.79%
-0.61%
Sep '20
0.68%
-0.52%
Aug '20
0.65%
-0.52%
Jul '20
0.62%
-0.52%
Jun '20
0.73%
-0.43%
May '20
0.67%
-0.52%
Apr '20
0.66%
-0.45%
Mar '20
0.87%
-0.54%
Feb '20
1.5%
-0.47%
Jan '20
1.76%
-0.31%
Dec '19
1.86%
-0.3%
Nov '19
1.81%
-0.35%
Oct '19
1.71%
-0.47%
Sep '19
1.7%
-0.59%
Aug '19
1.63%
-0.65%
Jul '19
2.06%
-0.39%
Jun '19
2.07%
-0.32%
May '19
2.4%
-0.13%
Apr '19
2.53%
-0.04%
Mar '19
2.57%
0.01%
Feb '19
2.68%
0.06%
Jan '19
2.71%
0.13%
Dec '18
2.83%
0.19%
Nov '18
3.12%
0.31%
Oct '18
3.15%
0.4%
Sep '18
3%
0.37%
Aug '18
2.89%
0.29%
Jul '18
2.89%
0.27%
Jun '18
2.91%
0.33%
May '18
2.98%
0.45%
Apr '18
2.87%
0.48%
Mar '18
2.84%
0.53%
Feb '18
2.86%
0.66%
Jan '18
2.58%
0.47%
Dec '17
2.4%
0.3%
Nov '17
2.35%
0.31%
Oct '17
2.36%
0.37%
Sep '17
2.2%
0.35%
Aug '17
2.21%
0.35%
Jul '17
2.32%
0.46%
Jun '17
2.19%
0.25%
May '17
2.3%
0.34%
Apr '17
2.3%
0.23%
Mar '17
2.48%
0.35%
Feb '17
2.42%
0.26%
Jan '17
2.43%
0.25%
Dec '16
2.49%
0.25%
Nov '16
2.14%
0.19%
Oct '16
1.76%
0%
Sep '16
1.63%
-0.08%
Aug '16
1.56%
-0.13%
Jul '16
1.5%
-0.15%
Jun '16
1.64%
-0.02%
May '16
1.81%
0.13%
Apr '16
1.81%
0.13%
Mar '16
1.89%
0.17%
Feb '16
1.78%
0.17%
Jan '16
2.09%
0.43%
Dec '15
2.24%
0.55%
Nov '15
2.26%
0.52%
Oct '15
2.07%
0.52%
Sep '15
2.17%
0.65%
Aug '15
2.17%
0.61%
Jul '15
2.32%
0.71%
Jun '15
2.36%
0.79%
May '15
2.2%
0.56%
Apr '15
1.94%
0.12%
Mar '15
2.04%
0.23%
Feb '15
1.98%
0.3%
Jan '15
1.88%
0.39%
Dec '14
2.21%
0.59%
Nov '14
2.33%
0.72%
Oct '14
2.3%
0.79%
Sep '14
2.53%
0.92%
Aug '14
2.42%
0.96%
Jul '14
2.54%
1.11%
Jun '14
2.6%
1.26%
May '14
2.56%
1.33%
Apr '14
2.71%
1.46%
Mar '14
2.72%
1.51%
Feb '14
2.71%
1.56%
Jan '14
2.86%
1.76%
Dec '13
2.9%
1.8%
Nov '13
2.72%
1.68%
Oct '13
2.62%
1.76%
Sep '13
2.81%
1.89%
Aug '13
2.74%
1.74%
Jul '13
2.58%
1.57%
Jun '13
2.3%
1.53%
May '13
1.93%
1.29%
Apr '13
1.76%
1.2%
Mar '13
1.96%
1.35%
Feb '13
1.98%
1.54%
Jan '13
1.91%
1.51%
Dec '12
1.72%
1.3%
Nov '12
1.65%
1.34%
Oct '12
1.75%
1.47%
Sep '12
1.72%
1.49%
Aug '12
1.68%
1.34%
Jul '12
1.53%
1.24%
Jun '12
1.62%
1.3%
May '12
1.8%
1.34%
Apr '12
2.05%
1.62%
Mar '12
2.17%
1.83%
Feb '12
1.97%
1.85%
Jan '12
1.97%
1.82%
Dec '11
1.98%
1.93%
Nov '11
2.01%
1.87%
Oct '11
2.15%
2%
Sep '11
1.98%
1.83%
Aug '11
2.3%
2.21%
Jul '11
3%
2.74%
Jun '11
3%
2.89%
May '11
3.17%
3.06%
Apr '11
3.46%
3.34%
Mar '11
3.41%
3.21%
Feb '11
3.58%
3.2%
Jan '11
3.39%
3.02%
Dec '10
3.29%
2.91%
Nov '10
2.76%
2.53%
Oct '10
2.54%
2.35%
Sep '10
2.65%
2.3%
Aug '10
2.7%
2.35%
Jul '10
3.01%
2.62%
Jun '10
3.2%
2.54%
May '10
3.42%
2.73%
Apr '10
3.85%
3.06%
Mar '10
3.73%
3.1%
Feb '10
3.69%
3.17%
Jan '10
3.73%
3.26%
Dec '09
3.59%
3.14%
Nov '09
3.4%
3.22%
Oct '09
3.39%
3.21%
Sep '09
3.4%
3.26%
Aug '09
3.59%
3.31%
Jul '09
3.56%
3.34%
Jun '09
3.72%
3.47%
May '09
3.29%
3.37%
Apr '09
2.93%
3.13%
Mar '09
2.82%
3.02%
Feb '09
2.87%
3.13%
Jan '09
2.52%
3.07%
Dec '08
2.42%
3.05%
Nov '08
3.53%
3.56%
Oct '08
3.81%
3.88%
Sep '08
3.69%
4.09%
Aug '08
3.89%
4.2%
Jul '08
4.01%
4.49%
Jun '08
4.1%
4.52%
May '08
3.88%
4.2%
Apr '08
3.68%
4.04%
Mar '08
3.51%
3.8%
Feb '08
3.74%
3.95%
Jan '08
3.74%
4.03%
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OECD. (March 19, 2024). Ten-year government bond yields from Germany and the United States between January 2008 and November 2023 [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1032233/germany-us-ten-year-government-bond-yields/
OECD. "Ten-year government bond yields from Germany and the United States between January 2008 and November 2023." Chart. March 19, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1032233/germany-us-ten-year-government-bond-yields/
OECD. (2024). Ten-year government bond yields from Germany and the United States between January 2008 and November 2023. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1032233/germany-us-ten-year-government-bond-yields/
OECD. "Ten-year Government Bond Yields from Germany and The United States between January 2008 and November 2023." Statista, Statista Inc., 19 Mar 2024, https://www.statista.com/statistics/1032233/germany-us-ten-year-government-bond-yields/
OECD, Ten-year government bond yields from Germany and the United States between January 2008 and November 2023 Statista, https://www.statista.com/statistics/1032233/germany-us-ten-year-government-bond-yields/ (last visited November 26, 2024)
Ten-year government bond yields from Germany and the United States between January 2008 and November 2023 [Graph], OECD, March 19, 2024. [Online]. Available: https://www.statista.com/statistics/1032233/germany-us-ten-year-government-bond-yields/