We recently gathered the 10-year government bond yields for 29 countries to see where global interest rates currently stand. As shown below, Indonesia has the highest 10-year yield at 10%, followed by South Africa (8.7%), India (7.6%), Mexico (7.5%) and Hungary (7.4%). At the bottom of the yield barrel is Japan at 1.5%, followed by Singapore, Taiwan and Switzerland. The 3.86% yield on the 10-year in the US is the 8th lowest out of the 29 countries analyzed.
We also gathered consensus economist estimates for where each country's 10-year would stand at the end of 2008 from Bloomberg. As shown, government bond yields in China are expected to rise the most by the end of 2008 (from 4.2% to 5.2%), followed by Singapore, Hong Kong, Norway and Malaysia. Hungary, South Africa, Thailand and Indonesia are expected to see their yields fall the most. The yield on the 10-year in the US is expected to be just slightly higher than current levels at the end of 2008.
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