Kilambi News
Thursday, October 8, 2026

Sovereign Spreads

Monday, January 1, 0001

Ten-year government bond yields and spreads for 17 economies.

Data as of 2026-08-01 (monthly)

Widest spreadMexico +448 bp
Tightest spreadSwitzerland -271 bp
Biggest 12m wideningSouth Korea +147 bp
Biggest 12m tighteningSouth Africa -140 bp

All countries

Yields in percent; spreads in basis points vs the regional benchmark. Changes are in basis points.

Country10Y yieldSpreadBenchmark1m chg (bp)12m chg (bp)
United States4.68%+0 bpUS Treasury+8+42
Canada3.67%-100 bpUS Treasury+13+25
Mexico9.16%+448 bpUS Treasury+14-23
Chile5.55%+95 bpUS Treasury+3-8
Germany3.18%+0 bpGerman Bund+11+51
United Kingdom4.99%+181 bpGerman Bund+6+35
France4.00%+82 bpGerman Bund+15+58
Italy3.99%+81 bpGerman Bund+10+45
Spain3.63%+45 bpGerman Bund+10+38
Poland5.50%+243 bpGerman Bund-1+16
Belgium3.76%+58 bpGerman Bund+12+53
Switzerland0.47%-271 bpGerman Bund-1+15
Japan2.94%+0 bpJGB+15+134
South Korea4.29%+135 bpJGB+0+147
Australia5.01%+207 bpJGB+10+74
Israel3.93%-75 bpUS Treasury+2-24
South Africa8.75%+407 bpUS Treasury+4-140

Europe vs Bunds, 2006 to now

Sovereign 10Y spreads vs German BundFRITESGBBEPL-289822334847359820062008201120132016201820212024bp

Benchmark yields, 2006 to now

10-year benchmark yieldsUnited StatesGermanyJapan-10234520062008201120132016201820212024%

12-month spread moves

12-month spread changeSouth Africa-140Israel-24Mexico-23Chile-8Switzerland+15Poland+16Canada+25United Kingdom+35Spain+38United States+42Italy+45Germany+51Belgium+53France+58Australia+74Japan+134South Korea+147basis points

Source: FRED, OECD harmonized 10-year government bond yields (monthly). Static vintage from KR-WP-2026-17 research dataset. Live refresh blocked: no FRED API key.