International Long-Term Government Bond Yields

Below we highlight the ten-year yields on government debt for six international markets. With the exception of Australia, interest rates have been in steady downtrends since last Spring. However, in many of these markets there are signs that this downtrend may be nearing an end, which could be a signal that investor aversion to risk may be waning. While Treasury yields in the US, Canada, and Japan still have some room before breaking their downtrends, bond yields in Europe and the UK have already made higher highs.