AFTER INFLATION, RATING, CURRENCY AND TAX

Bond Yields by Country

What each country's government bonds really pay. A 15% yield in a country with 14% inflation earns you about 1%, so the board ranks by the real yield: the bond's yield minus the latest inflation. Next to it, the three things that decide whether you keep it: the credit rating, what the currency did against the dollar, and the tax withheld from foreign holders.
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countries checked
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best real yield
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typical 10Y yield
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US 10Y Treasury
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inverted curves

The leaderboard

One row per country, ranked by the real yield: the government bond's yield minus the latest year-on-year inflation. The nominal yield is what the bond pays in its own currency; the rating is S&P's long-term local-currency view; the currency line is how much it gained or lost against the US dollar over the last 12 months, which a dollar investor gets on top of (or instead of) the yield. Switch between the 10-year and the 2-year bond to see what lending for longer pays. Click a row for the country's full yield curve; hover for the detail.

Rank by
Maturity
Rating
Region
Only
You invest Your amount × the nominal yield, minus the tax withheld from a foreign holder, before any currency move.
# Country & bond

Best bond for each need

The highest real yield in each situation, with the next three countries behind it. 10-year bonds unless the card says otherwise. Click any name for its yield curve.

Big yields, eaten by inflation

Nominal 10Y yield Real yield, after inflation

What the numbers say

Frequently Asked Questions