Live Updates > Live Update Details
2026-04-07 18:15:17
[German Bonds Become a Safe Haven: Global Interest Rate Spreads Reveal Capital Flows] ⑴ In the 10-year government bond market, the German yield was 3.011%, 132.1 basis points lower than the US, 198.8 basis points lower than Australia, and 177.4 basis points lower than the UK. Italy's yield was 85.8 basis points higher than Germany's, and France's was 68.5 basis points higher. ⑵ In the 2-year government bond market, the German yield was 2.646%, 121.0 basis points lower than the US, 204.6 basis points lower than Australia's, and 169.7 basis points lower than the UK's. Japan's yield was 126.0 basis points lower than Germany's, making it the lowest among major economies. ⑶ The US 10-year yield was 4.331%, 45.4 basis points lower than the UK's, but 132.1 basis points higher than Germany's, 192.1 basis points higher than Japan's, and 66.8 basis points lower than Australia's. (4) In terms of interest rate spread structure, Germany and Japan are in a yield trough at both the long and short ends, reflecting the continuous inflow of safe-haven funds, while Australia, the UK, and the US are in a yield trough. Italy, France, and other peripheral Eurozone countries still have a significant risk premium compared to Germany.
