Germany and U.S. 10-year government bond yields 2008-2023
U.S. ten-year government bonds have provided significantly higher yields compared to German ten-year bonds since 2008, with the former yielding 4.5 percent in November 2023 compared to 2.06 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 invest in higher-risk, higher-reward investments; a falling yield suggests the opposite.