Government bonds
World government bonds
Frequently asked questions
Yield Curves are a visual tool that shows how bond yields change across different maturities — all on a single chart. The horizontal axis represents the bond duration, while the vertical axis shows the yield.
Below the chart, you can see bonds with different maturities and their yields in a table. Use the “Add” button beneath the table to include any bond you'd like and compare yield trends on one chart.
The tool also lets you:
— Switch between a linear or a tenor scale
— Turn on the heatmap mode for the table
— Display only key tenors, if preferred
— Take the chart's snapshot
Check out the full guide on Yield Сurves in our knowledge base.
Below the chart, you can see bonds with different maturities and their yields in a table. Use the “Add” button beneath the table to include any bond you'd like and compare yield trends on one chart.
The tool also lets you:
— Switch between a linear or a tenor scale
— Turn on the heatmap mode for the table
— Display only key tenors, if preferred
— Take the chart's snapshot
Check out the full guide on Yield Сurves in our knowledge base.
A yield curve is a line that shows the relationship between bond yields and maturities — typically for government bonds. It helps investors understand how yields vary across short-, medium-, and long-term durations.
Traders use yield curves to assess market expectations for economic growth. The shape of the curve — whether upward-sloping, flat, or inverted — can offer insights into future economic conditions and guide investment decisions.
Traders use yield curves to assess market expectations for economic growth. The shape of the curve — whether upward-sloping, flat, or inverted — can offer insights into future economic conditions and guide investment decisions.
A bond yield is the return an investor earns from holding a bond. It's expressed as a percentage of the bond's current market price. Yield is a compensation investors receive for lending their money to the government.
Check out the full list of global government bonds and sort them by yield to find new opportunities.
Check out the full list of global government bonds and sort them by yield to find new opportunities.
Bond yield is typically calculated as the annual coupon payment divided by the bond's current market price.
Current yield = (annual coupon payment / current price) × 100
For example, if a bond pays $50 per year and is trading at $1,000, the yield is 5%.
Current yield = (annual coupon payment / current price) × 100
For example, if a bond pays $50 per year and is trading at $1,000, the yield is 5%.
A normal yield curve slopes upward, with lower yields on short-term bonds and higher yields on long-term ones. This shape reflects investor expectations of continued economic growth.
For example, a typical curve might show a one-month bond yielding 1%, a two-year bond at 1.8%, and a five-year bond at 2.5%. This progression suggests that investors expect higher returns the longer they commit their money.
Use our Bond Screener to explore the market and find bonds that align with your strategy.
For example, a typical curve might show a one-month bond yielding 1%, a two-year bond at 1.8%, and a five-year bond at 2.5%. This progression suggests that investors expect higher returns the longer they commit their money.
Use our Bond Screener to explore the market and find bonds that align with your strategy.
An inverted yield curve is an unusual market signal that often means an upcoming recession. It happens when short-term interest rates are higher than long-term ones, which causes the yield curve to slope downward.
This typically occurs when investors grow nervous about the economy and, seeking safety, move their money into long-term bonds. As demand for these longer-term bonds rises, their prices go up and their yields go down.
Browse the bond market in our Bond Screener to find the bonds to support your strategy.
This typically occurs when investors grow nervous about the economy and, seeking safety, move their money into long-term bonds. As demand for these longer-term bonds rises, their prices go up and their yields go down.
Browse the bond market in our Bond Screener to find the bonds to support your strategy.
Yield and interest rate aren’t the same thing. The interest rate (or coupon rate) is a fixed annual payment a bond makes, based on its face value. It’s set when the bond is issued and remains unchanged, regardless of how the market moves.
The yield, on the other hand, reflects the bond’s actual return based on its current market price. As bond prices rise or fall, the yield adjusts accordingly. For example, if a bond’s price drops but its interest payment stays the same, the yield increases.
Traders and investors pay close attention to yield because it shows the real return they can expect if they buy the bond at today’s market price.
The yield, on the other hand, reflects the bond’s actual return based on its current market price. As bond prices rise or fall, the yield adjusts accordingly. For example, if a bond’s price drops but its interest payment stays the same, the yield increases.
Traders and investors pay close attention to yield because it shows the real return they can expect if they buy the bond at today’s market price.
Bond yield and price are related inversely — when the bond price goes up, its yield goes down, and vice versa. It happens because the bond's interest payment is fixed, so price changes affect the return investors get.
Make use of our Bond Screener to find the bonds with the price and yield that align with your strategy.
Make use of our Bond Screener to find the bonds with the price and yield that align with your strategy.
A flat yield curve signals investor uncertainty about future economic growth. It often reflects doubts in the market and a wait-and-see attitude toward what’s ahead.
This shape occurs when short- and long-term interest rates are nearly the same, so the curve appears level across different maturities.
For example, if a 2-year bond yields 4.5% and a 10-year bond yields 4.6%, the curve is considered flat. The small difference suggests there’s little added reward for locking in capital over a longer period.
Explore opportunities in our Bond Screener to find bonds that match your strategy.
This shape occurs when short- and long-term interest rates are nearly the same, so the curve appears level across different maturities.
For example, if a 2-year bond yields 4.5% and a 10-year bond yields 4.6%, the curve is considered flat. The small difference suggests there’s little added reward for locking in capital over a longer period.
Explore opportunities in our Bond Screener to find bonds that match your strategy.
Bond yields tend to rise with inflation because inflation weakens the purchasing power of future bond payments, which makes existing bonds less attractive, especially those with fixed coupon payments. It can happen for several reasons.
— Bonds pay fixed interest, and if inflation rises, the real return falls. So investors expect higher yields to compensate for that loss in value
— Rising inflation often prompts central banks to raise interest rates to cool the economy. When rates rise, newer bonds offer higher yields, so older bonds with lower yields lose value, and their market price drops. Since bond prices and yields move in opposite directions, yields rise
— Bonds pay fixed interest, and if inflation rises, the real return falls. So investors expect higher yields to compensate for that loss in value
— Rising inflation often prompts central banks to raise interest rates to cool the economy. When rates rise, newer bonds offer higher yields, so older bonds with lower yields lose value, and their market price drops. Since bond prices and yields move in opposite directions, yields rise
Bond prices and yields move in opposite directions because the fixed payments (coupons) become more or less attractive depending on current market rates. When bond prices go down, yields go up to compensate new buyers.
For example, you buy a bond with a $1,000 face value and a 5% coupon, giving it $50 annual payment. If interest rates in the market rise, new bonds might offer a 6% yield. Suddenly, your older bond paying just 5% isn’t as appealing. To compensate for the lower return, the market price of your bond drops to $900. At that lower price, someone buying the bond would still receive the $50 coupon, but now the yield would be about 5.56% ($50 divided by $900).
For example, you buy a bond with a $1,000 face value and a 5% coupon, giving it $50 annual payment. If interest rates in the market rise, new bonds might offer a 6% yield. Suddenly, your older bond paying just 5% isn’t as appealing. To compensate for the lower return, the market price of your bond drops to $900. At that lower price, someone buying the bond would still receive the $50 coupon, but now the yield would be about 5.56% ($50 divided by $900).
When bond yields rise, it has several important effects on financial markets. Here are some of them:
— Bond prices fall: Bond yields and prices move inversely, and higher yields make existing bonds less valuable, driving their prices down
— Borrowing becomes more expensive: Higher interest rates make both new bonds and loans more expensive, which can slow economic growth
— Stocks may decline: Rising yields often pull money out of the stock market, especially from high-growth sectors, as bonds become more attractive, especially to conservative investors
Make informed decisions with global news and the latest bond updates on TradingView.
— Bond prices fall: Bond yields and prices move inversely, and higher yields make existing bonds less valuable, driving their prices down
— Borrowing becomes more expensive: Higher interest rates make both new bonds and loans more expensive, which can slow economic growth
— Stocks may decline: Rising yields often pull money out of the stock market, especially from high-growth sectors, as bonds become more attractive, especially to conservative investors
Make informed decisions with global news and the latest bond updates on TradingView.
Yes, bond yields can be negative. When they are, investors are effectively paying to lend money — they buy a bond for more than its maturity value, resulting in a guaranteed loss if held to maturity. For example, investors might buy a bond for $1,020 that will pay back only $1,000 at maturity.
Investors accept negative yields for various reasons: as a safe haven during economic uncertainty, to meet regulatory requirements, or because they expect deflation or currency appreciation. In some cases, they may also speculate that yields will fall further, allowing them to sell the bond at a profit.
Explore our list of world bond rates, filter them by yield and other data to find new investment opportunities.
Investors accept negative yields for various reasons: as a safe haven during economic uncertainty, to meet regulatory requirements, or because they expect deflation or currency appreciation. In some cases, they may also speculate that yields will fall further, allowing them to sell the bond at a profit.
Explore our list of world bond rates, filter them by yield and other data to find new investment opportunities.
Bond yields rise mainly because of changes in interest rates, inflation expectations, and shifts in market dynamics.
When central banks raise interest rates, newly issued bonds offer higher yields to remain attractive to investors, making existing bonds with lower yields less competitive. This causes their prices to fall, which in turn pushes yields up. Another reason is inflation. When inflation expectations rise, investors demand higher yields to compensate for the decline in purchasing power, which again leads to falling bond prices and rising yields.
Other factors include strong economic growth, which often leads to expectations of higher interest rates and a shift to riskier assets such as stocks, reducing demand for bonds. In addition, when governments increase borrowing by issuing more bonds, the larger supply may require higher yields to attract buyers. In all cases, the main principle stays the same: when prices fall, yields rise.
Stay on top of all market events and prepare for any change with the Economic Calendar.
When central banks raise interest rates, newly issued bonds offer higher yields to remain attractive to investors, making existing bonds with lower yields less competitive. This causes their prices to fall, which in turn pushes yields up. Another reason is inflation. When inflation expectations rise, investors demand higher yields to compensate for the decline in purchasing power, which again leads to falling bond prices and rising yields.
Other factors include strong economic growth, which often leads to expectations of higher interest rates and a shift to riskier assets such as stocks, reducing demand for bonds. In addition, when governments increase borrowing by issuing more bonds, the larger supply may require higher yields to attract buyers. In all cases, the main principle stays the same: when prices fall, yields rise.
Stay on top of all market events and prepare for any change with the Economic Calendar.
A tenor is the length of time remaining until a bond matures — two years, five years, 10 years, etc. It represents the duration for which the borrower must pay interest before repaying the principal. Tenors are key in assessing a bond's risk, return, and sensitivity to interest rate changes.
Tenors shouldn't be confused with maturities. Maturity refers to the specific date when the bond reaches the end of its life and the issuer must repay the face value, while tenor describes the amount of time left until that maturity date. For example, if a bond issued on January 1, 2025, has a lifespan of 5 years, we say its maturity date is January 1, 2030, and it has a 5-year tenor.
Tenors shouldn't be confused with maturities. Maturity refers to the specific date when the bond reaches the end of its life and the issuer must repay the face value, while tenor describes the amount of time left until that maturity date. For example, if a bond issued on January 1, 2025, has a lifespan of 5 years, we say its maturity date is January 1, 2030, and it has a 5-year tenor.
Bond yields go down primarily when demand for bonds increases, reflecting the inverse nature of the price-yield relationship. This often happens during economic uncertainty, when investors look for the relative safety of government bonds. As more investors buy bonds, prices rise, and yields fall. Central bank policies can also drive yields lower. For example, when the Federal Reserve cuts interest rates, it pushes prices up and yields down.
Another reason bond yields go down is when people expect lower inflation or slower economic growth. When inflation is low, the interest payments from bonds keep more of their value, so bonds become more appealing to investors, driving prices up and yields down.
In general, yields fall due to investors' uncertainty about the economy, interest rates, and inflation. Explore bond trading ideas to spot early trends in investor sentiment and find market predictions.
Another reason bond yields go down is when people expect lower inflation or slower economic growth. When inflation is low, the interest payments from bonds keep more of their value, so bonds become more appealing to investors, driving prices up and yields down.
In general, yields fall due to investors' uncertainty about the economy, interest rates, and inflation. Explore bond trading ideas to spot early trends in investor sentiment and find market predictions.
It depends on the type of yield in question.
If you buy a bond and hold it till maturity, your yield is fixed at the time of purchase. For example, if you buy a 1-year bond with a 5% coupon for $1,000, you’ll earn exactly 5% — this doesn’t change, no matter what happens in the market.
But if you plan to sell the bond on the secondary market before maturity, then yes, the bond’s yield can change. After purchase, the bond’s market price may rise or fall based on interest rates and investor demand. Because yield reflects return relative to the bond’s current price, a change in price means the yield for a new buyer will go up or down.
So, your return is locked in if you hold the bond, but its current yield can fluctuate over time.
Get an overview of world bond rates on TradingView: filter bonds by yield to find a suitable option for your strategy.
If you buy a bond and hold it till maturity, your yield is fixed at the time of purchase. For example, if you buy a 1-year bond with a 5% coupon for $1,000, you’ll earn exactly 5% — this doesn’t change, no matter what happens in the market.
But if you plan to sell the bond on the secondary market before maturity, then yes, the bond’s yield can change. After purchase, the bond’s market price may rise or fall based on interest rates and investor demand. Because yield reflects return relative to the bond’s current price, a change in price means the yield for a new buyer will go up or down.
So, your return is locked in if you hold the bond, but its current yield can fluctuate over time.
Get an overview of world bond rates on TradingView: filter bonds by yield to find a suitable option for your strategy.
Bond yields can significantly affect the stock market because they influence where investors put their money. When bond yields rise, bonds offer better returns, which seems more attractive and less risky than stocks to some investors. They may move money out of the stock market and into bonds, which can push stock prices down.
Moreover, since bond yields are used in stock valuation models as a discount rate, higher yields increase this rate, lowering the present value of future earnings and making stocks less appealing. On the contrary, lower yields can boost stock valuations and reduce financing costs, generally supporting the stock market.
Follow the latest bond news to stay on top of market movements.
Moreover, since bond yields are used in stock valuation models as a discount rate, higher yields increase this rate, lowering the present value of future earnings and making stocks less appealing. On the contrary, lower yields can boost stock valuations and reduce financing costs, generally supporting the stock market.
Follow the latest bond news to stay on top of market movements.
A bond’s yield can be influenced by many factors.
— Interest rates: When interest rates rise, newly issued bonds offer higher returns, making existing bonds with lower rates less attractive. As a result, their prices drop and their yields rise
— Inflation expectations: If investors expect inflation to increase, they may demand higher yields to compensate for the reduced purchasing power of future interest payments
— Supply and demand: If many investors are buying bonds (for example, during times of market uncertainty), prices go up and yields fall
— Credit risk: On the other hand, if a bond issuer’s credit rating drops or the risk of default increases, investors will demand a higher yield as compensation
Economic growth, government debt levels, and geopolitical events can also impact how investors view bonds, which in turn affects yields, so make sure to follow world news to adjust your strategy in time.
— Interest rates: When interest rates rise, newly issued bonds offer higher returns, making existing bonds with lower rates less attractive. As a result, their prices drop and their yields rise
— Inflation expectations: If investors expect inflation to increase, they may demand higher yields to compensate for the reduced purchasing power of future interest payments
— Supply and demand: If many investors are buying bonds (for example, during times of market uncertainty), prices go up and yields fall
— Credit risk: On the other hand, if a bond issuer’s credit rating drops or the risk of default increases, investors will demand a higher yield as compensation
Economic growth, government debt levels, and geopolitical events can also impact how investors view bonds, which in turn affects yields, so make sure to follow world news to adjust your strategy in time.