10-Year Treasury Year Approaching 3%

US long-term interest rates continue to drift higher, and at a current level of 2.96%, the yield on the Ten-Year US Treasury is once again nearing 3%. If US yields continue to rise, Canada and Japan will be the only two countries highlighted with long-term interest rates of less than three percent.

Below we provide charts of the ten-year yield for six major industrialized regions. As shown, while yields have been drifting higher for everyone but the UK and Euro region, the rise in US interest rates has been the sharpest.