{"format":"alysly-page/1","url":"https://alysly.com/interest-rates/bond-yields/","json":"https://alysly.com/json/interest-rates/bond-yields/index.json","lang":"en-US","title":"10-Year Bund and US Treasury Yields | History and Comparison","description":"10-year German and US government bond yields over time — the reference for mortgage rates, equity valuation and the risk-free rate.","modified":"2026-10-29T00:00:00Z","alternates":[{"lang":"de-DE","url":"https://alysly.com/de/zinsen/anleiherenditen/","json":"https://alysly.com/json/de/zinsen/anleiherenditen/index.json"}],"about":"Machine-readable version of the page at url. It contains the text, tables and key figures published there, but not the interactive charts and tools.","breadcrumb":[{"name":"Rates & inflation","url":"https://alysly.com/interest-rates/"},{"name":"Government Bond Yields","url":"https://alysly.com/interest-rates/bond-yields/"}],"content":[{"type":"heading","level":1,"text":"Government Bond Yields"},{"type":"paragraph","text":"The 10-year government bond yield is an economy’s risk-free rate. It is the yardstick every other investment is measured against. When it rises, the present value of future corporate profits falls. That hits stocks whose earnings lie far in the future (growth) harder than those earning today."},{"type":"facts","items":[{"label":"German 10-year government bond yield","value":"3.47%"},{"label":"US 10-year Treasury yield","value":"4.98%"}]},{"type":"paragraph","text":"As of September 2026 · series since Jan 1, 1999 (333 observations) · change vs previous +0.29."},{"type":"facts","items":[{"label":"All-time high","value":"5.54%"},{"label":"All-time low","value":"-0.65%"},{"label":"Data starts","value":"Jan 1, 1999"},{"label":"Frequency","value":"monthly"}]},{"type":"paragraph","text":"Data note 1","href":"#dn-1"},{"type":"heading","level":2,"text":"History by Year"},{"type":"table","caption":"Year-end values","columns":["Year","German 10-year government bond yield","US 10-year Treasury yield"],"rows":[["2026","3.47","4.98"],["2025","2.81","4.18"],["2024","2.18","4.58"],["2023","2.10","3.88"],["2022","2.09","3.88"],["2021","-0.38","1.52"],["2020","-0.62","0.93"],["2019","-0.30","1.92"],["2018","0.19","2.69"],["2017","0.30","2.40"],["2016","0.25","2.45"],["2015","0.55","2.27"],["2014","0.59","2.17"],["2013","1.80","3.04"],["2012","1.30","1.78"],["2011","1.93","1.89"],["2010","2.91","3.30"],["2009","3.14","3.85"],["2008","3.05","2.25"],["2007","4.21","4.04"],["2006","3.77","4.71"],["2005","3.34","4.39"],["2004","3.58","4.24"],["2003","4.29","4.27"],["2002","4.33","3.83"]]},{"type":"heading","level":2,"text":"Relationship With Equity Markets"},{"type":"paragraph","text":"Correlation of changes, not of levels. Two series that both trend for years correlate almost perfectly in levels without any relationship following from it. Values near 0 mean no discernible co-movement."},{"type":"table","caption":"Correlations","columns":["Series","Strongest relationships"],"rows":[["German 10-year government bond yield","Nikkei 225 +0.09 n=200 · Bitcoin -0.08 n=109 Based on monthly changes"],["US 10-year Treasury yield","MSCI Europe -0.25 n=557 · MSCI World ex USA -0.23 n=557 · DAX -0.22 n=573 Based on daily changes"]]},{"type":"heading","level":2,"text":"Matching Calculators"},{"type":"paragraph","text":"These tools work with exactly these figures:"},{"type":"list","ordered":false,"items":[{"text":"Real (Inflation-Adjusted) Return Nominal return and inflation combined: the return and final value an investment keeps …","href":"https://alysly.com/tools/real-return/"},{"text":"ETF Portfolio Builder Combine ETFs and analyze allocation by sector and country.","href":"https://alysly.com/tools/portfolio/"},{"text":"Correlation Matrix How closely indices, stocks, crypto, precious metals, commodities and currencies move …","href":"https://alysly.com/tools/correlations/"}]},{"type":"heading","level":2,"text":"More Rate and Economy Series"},{"type":"paragraph","text":"ECB Policy Rate Inflation in Germany and the Euro Area German Mortgage Rates German Savings Rates US Rates and Economy Labor Market: Germany and the US","links":[{"text":"ECB Policy Rate","href":"https://alysly.com/interest-rates/ecb-policy-rate/"},{"text":"Inflation in Germany and the Euro Area","href":"https://alysly.com/interest-rates/inflation/"},{"text":"German Mortgage Rates","href":"https://alysly.com/interest-rates/mortgage-rates/"},{"text":"German Savings Rates","href":"https://alysly.com/interest-rates/savings-rates/"},{"text":"US Rates and Economy","href":"https://alysly.com/interest-rates/us-rates/"},{"text":"Labor Market: Germany and the US","href":"https://alysly.com/interest-rates/labor-market/"}]},{"type":"paragraph","text":"Updated Oct 29, 2026"},{"type":"heading","level":2,"id":"note-legend-h","text":"Data Notes"},{"type":"paragraph","text":"How the figures on this page are produced and how current they are. All calculations run automatically and are not investment advice."},{"type":"list","ordered":true,"items":[{"id":"dn-1","text":"Official time series, taken unchanged; the change column is the gap to the previous value."}]},{"type":"paragraph","text":"Data and methodology: Alysly · Responsible for content: Alexander Bock","links":[{"text":"Alysly","href":"https://alysly.com/methodology/"},{"text":"Alexander Bock","href":"https://alysly.com/about/"}]},{"type":"paragraph","text":"View all data notes","href":"https://alysly.com/notes/"}],"structured_data":[{"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://alysly.com/#org","name":"Alysly","url":"https://alysly.com/","logo":{"@type":"ImageObject","url":"https://alysly.com/img/icon-512.png","width":512,"height":512},"description":"Data-driven insights, transparent analysis and powerful tools for long-term investors.","email":"mail@alysly.com","contactPoint":{"@type":"ContactPoint","contactType":"customer support","email":"mail@alysly.com","availableLanguage":["de","en"]},"address":{"@type":"PostalAddress","addressLocality":"Haltern am See","postalCode":"45721","addressCountry":"DE"},"founder":{"@id":"https://alysly.com/#founder"},"sameAs":["https://www.linkedin.com/company/alyslycom/","https://www.youtube.com/@alyslycom","https://x.com/alyslycom"],"publishingPrinciples":"https://alysly.com/methodology/"},{"@type":"Person","@id":"https://alysly.com/#founder","name":"Alexander Bock","jobTitle":"Founder and data analyst","url":"https://alysly.com/about/","sameAs":["https://www.linkedin.com/in/abxk/"]},{"@type":"WebSite","@id":"https://alysly.com/#site","url":"https://alysly.com/","name":"Alysly","alternateName":"Alysly Investment Analysis","inLanguage":"en-US","publisher":{"@id":"https://alysly.com/#org"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://alysly.com/markets/stocks/browse/?q={search_term_string}"},"query-input":"required name=search_term_string"}},{"@type":"WebPage","@id":"https://alysly.com/interest-rates/bond-yields/#webpage","url":"https://alysly.com/interest-rates/bond-yields/","name":"Government Bond Yields – Alysly","description":"10-year German and US government bond yields over time — the reference for mortgage rates, equity valuation and the risk-free rate.","inLanguage":"en-US","isPartOf":{"@id":"https://alysly.com/#site"},"dateModified":"2026-10-29T00:00:00Z","publisher":{"@id":"https://alysly.com/#org"},"mainEntity":{"@id":"https://alysly.com/interest-rates/bond-yields/#entity"},"primaryImageOfPage":{"@type":"ImageObject","url":"https://alysly.com/og.png","width":1200,"height":630}}]},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Rates & inflation","item":"https://alysly.com/interest-rates/"},{"@type":"ListItem","position":2,"name":"Government Bond Yields"}]},{"@context":"https://schema.org","@type":"Dataset","@id":"https://alysly.com/interest-rates/bond-yields/#entity","name":"German 10-year government bond yield","description":"10-year German and US government bond yields over time — the reference for mortgage rates, equity valuation and the risk-free rate.","url":"https://alysly.com/interest-rates/bond-yields/","inLanguage":"en-US","license":"© Europäische Zentralbank, freie Weiterverwendung mit Quellenangabe","creator":{"@type":"Organization","name":"ECB","url":"https://data.ecb.europa.eu/data/datasets/IRS"},"publisher":{"@id":"https://alysly.com/#org"},"isAccessibleForFree":true,"temporalCoverage":"1999-01-01/2026-09-01","dateModified":"2026-09-01","measurementTechnique":"Official statistics","variableMeasured":{"@type":"PropertyValue","name":"German 10-year government bond yield","unitText":"%","value":3.473,"measurementTechnique":"ECB"}}],"notice":"© 2026 Alysly.com. Not investment advice. All data without guarantee. Financial information is analyzed and presented partly with AI assistance."}