10-year government bond yield: Germany and the U.S. 2024

U.S. ten-year government bonds have provided significantly higher yields compared to German ten-year bonds since 2008, with the former yielding 4.36 percent in November 2024 compared to 2.31 percent for the latter.

Being safe but low-return investments, treasury bond yields are generally considered an indicator of investor confidence about the economy. A rising yield indicates falling rates and falling demand, meaning that investors prefer to invest in higher-risk, higher-reward investments; a falling yield suggests the opposite.

Ten-year government bond yields from Germany and the United States between January 2008 and November 2024

Characteristic	United States	Germany
Nov '24	4.36%	2.31%
Oct '24	4.1%	2.23%
Sep' 24	3.72%	2.17%
Aug '24	3.87%	2.21%
Jul '24	4.25%	2.46%
Jun '24	4.31%	2.48%
May '24	4.48%	2.52%
Apr '24	4.54%	2.45%
Mar '24	4.21%	2.35%
Feb '24	4.21%	2.33%
Jan '24	4.06%	2.17%
Dec '23	4.02%	2.1%
Nov '23	4.5%	2.6%
Oct '23	4.8%	2.82%
Sep' 23	4.38%	2.66%
Aug '23	4.17%	2.55%
Jul '23	3.9%	2.46%
Jun '23	3.75%	2.38%
May '23	3.57%	2.34%
Apr '23	3.46%	2.36%
Mar '23	3.66%	2.38%
Feb '23	3.75%	2.37%
Jan '23	3.53%	2.19%
Dec '22	3.62%	2.09%
Nov '22	3.89%	2.07%
Oct '22	3.98%	2.19%
Sep '22	3.52%	1.8%
Aug '22	2.9%	1.03%
Jul '22	2.9%	1.08%
Jun '22	3.14%	1.45%
May '22	2.9%	0.95%
Apr '22	2.75%	0.75%
Mar '22	2.13%	0.28%
Feb '22	1.93%	0.15%
Jan '22	1.76%	-0.11%
Dec '21	1.47%	-0.38%
Nov '21	1.56%	-0.31%
Oct '21	1.58%	-0.2%
Sep '21	1.37%	-0.36%
Aug '21	1.28%	-0.54%
Jul '21	1.32%	-0.45%
Jun '21	1.52%	-0.29%
May '21	1.62%	-0.22%
Apr '21	1.64%	-0.33%
Mar '21	1.61%	-0.36%
Feb '21	1.26%	-0.45%
Jan '21	1.08%	-0.58%
Dec '20	0.93%	-0.62%
Nov '20	0.87%	-0.61%
Oct '20	0.79%	-0.61%
Sep '20	0.68%	-0.52%
Aug '20	0.65%	-0.52%
Jul '20	0.62%	-0.52%
Jun '20	0.73%	-0.43%
May '20	0.67%	-0.52%
Apr '20	0.66%	-0.45%
Mar '20	0.87%	-0.54%
Feb '20	1.5%	-0.47%
Jan '20	1.76%	-0.31%
Dec '19	1.86%	-0.3%
Nov '19	1.81%	-0.35%
Oct '19	1.71%	-0.47%
Sep '19	1.7%	-0.59%
Aug '19	1.63%	-0.65%
Jul '19	2.06%	-0.39%
Jun '19	2.07%	-0.32%
May '19	2.4%	-0.13%
Apr '19	2.53%	-0.04%
Mar '19	2.57%	0.01%
Feb '19	2.68%	0.06%
Jan '19	2.71%	0.13%
Dec '18	2.83%	0.19%
Nov '18	3.12%	0.31%
Oct '18	3.15%	0.4%
Sep '18	3%	0.37%
Aug '18	2.89%	0.29%
Jul '18	2.89%	0.27%
Jun '18	2.91%	0.33%
May '18	2.98%	0.45%
Apr '18	2.87%	0.48%
Mar '18	2.84%	0.53%
Feb '18	2.86%	0.66%
Jan '18	2.58%	0.47%
Dec '17	2.4%	0.3%
Nov '17	2.35%	0.31%
Oct '17	2.36%	0.37%
Sep '17	2.2%	0.35%
Aug '17	2.21%	0.35%
Jul '17	2.32%	0.46%
Jun '17	2.19%	0.25%
May '17	2.3%	0.34%
Apr '17	2.3%	0.23%
Mar '17	2.48%	0.35%
Feb '17	2.42%	0.26%
Jan '17	2.43%	0.25%
Dec '16	2.49%	0.25%
Nov '16	2.14%	0.19%
Oct '16	1.76%	0%
Sep '16	1.63%	-0.08%
Aug '16	1.56%	-0.13%
Jul '16	1.5%	-0.15%
Jun '16	1.64%	-0.02%
May '16	1.81%	0.13%
Apr '16	1.81%	0.13%
Mar '16	1.89%	0.17%
Feb '16	1.78%	0.17%
Jan '16	2.09%	0.43%
Dec '15	2.24%	0.55%
Nov '15	2.26%	0.52%
Oct '15	2.07%	0.52%
Sep '15	2.17%	0.65%
Aug '15	2.17%	0.61%
Jul '15	2.32%	0.71%
Jun '15	2.36%	0.79%
May '15	2.2%	0.56%
Apr '15	1.94%	0.12%
Mar '15	2.04%	0.23%
Feb '15	1.98%	0.3%
Jan '15	1.88%	0.39%
Dec '14	2.21%	0.59%
Nov '14	2.33%	0.72%
Oct '14	2.3%	0.79%
Sep '14	2.53%	0.92%
Aug '14	2.42%	0.96%
Jul '14	2.54%	1.11%
Jun '14	2.6%	1.26%
May '14	2.56%	1.33%
Apr '14	2.71%	1.46%
Mar '14	2.72%	1.51%
Feb '14	2.71%	1.56%
Jan '14	2.86%	1.76%
Dec '13	2.9%	1.8%
Nov '13	2.72%	1.68%
Oct '13	2.62%	1.76%
Sep '13	2.81%	1.89%
Aug '13	2.74%	1.74%
Jul '13	2.58%	1.57%
Jun '13	2.3%	1.53%
May '13	1.93%	1.29%
Apr '13	1.76%	1.2%
Mar '13	1.96%	1.35%
Feb '13	1.98%	1.54%
Jan '13	1.91%	1.51%
Dec '12	1.72%	1.3%
Nov '12	1.65%	1.34%
Oct '12	1.75%	1.47%
Sep '12	1.72%	1.49%
Aug '12	1.68%	1.34%
Jul '12	1.53%	1.24%
Jun '12	1.62%	1.3%
May '12	1.8%	1.34%
Apr '12	2.05%	1.62%
Mar '12	2.17%	1.83%
Feb '12	1.97%	1.85%
Jan '12	1.97%	1.82%
Dec '11	1.98%	1.93%
Nov '11	2.01%	1.87%
Oct '11	2.15%	2%
Sep '11	1.98%	1.83%
Aug '11	2.3%	2.21%
Jul '11	3%	2.74%
Jun '11	3%	2.89%
May '11	3.17%	3.06%
Apr '11	3.46%	3.34%
Mar '11	3.41%	3.21%
Feb '11	3.58%	3.2%
Jan '11	3.39%	3.02%
Dec '10	3.29%	2.91%
Nov '10	2.76%	2.53%
Oct '10	2.54%	2.35%
Sep '10	2.65%	2.3%
Aug '10	2.7%	2.35%
Jul '10	3.01%	2.62%
Jun '10	3.2%	2.54%
May '10	3.42%	2.73%
Apr '10	3.85%	3.06%
Mar '10	3.73%	3.1%
Feb '10	3.69%	3.17%
Jan '10	3.73%	3.26%
Dec '09	3.59%	3.14%
Nov '09	3.4%	3.22%
Oct '09	3.39%	3.21%
Sep '09	3.4%	3.26%
Aug '09	3.59%	3.31%
Jul '09	3.56%	3.34%
Jun '09	3.72%	3.47%
May '09	3.29%	3.37%
Apr '09	2.93%	3.13%
Mar '09	2.82%	3.02%
Feb '09	2.87%	3.13%
Jan '09	2.52%	3.07%
Dec '08	2.42%	3.05%
Nov '08	3.53%	3.56%
Oct '08	3.81%	3.88%
Sep '08	3.69%	4.09%
Aug '08	3.89%	4.2%
Jul '08	4.01%	4.49%
Jun '08	4.1%	4.52%
May '08	3.88%	4.2%
Apr '08	3.68%	4.04%
Mar '08	3.51%	3.8%
Feb '08	3.74%	3.95%
Jan '08	3.74%	4.03%