Benelux: yield on ten-year government bonds 2022

In November 2022, the long-term interest rate of the Netherlands reached a value of approximately 2.35, compared to 2.7 percent in Luxembourg. A ten-year government bond, or treasury note, is a debt obligation issued by a government which matures in ten years. They are considered to be a low-risk investment as they are backed by the government and their ability to raise taxes to cover its obligations. Investors track them, however, for several reasons. First, these bonds are the benchmark that guides other financial interest rates, such as fixed mortgage rates. Second, their yield will tell how investors feel about the economy. The higher the yield on a ten-year government bond, the better the economic outlook.

Yield on ten-year government bonds in Belgium, Luxembourg and the Netherlands (Benelux) from July 2017 to November 2022

Characteristic	Belgium	Luxembourg	Netherlands
Nov '22	2.65%	2.7%	2.35%
Oct '22	2.84%	2.99%	2.52%
Sep '22	2.45%	2.55%	2.14%
Aug '22	1.71%	1.84%	1.41%
Jul '22	1.8%	1.85%	1.47%
Jun '22	2.13%	2.16%	1.82%
May '22	1.58%	1.66%	1.05%
Apr '22	1.3%	1.39%	0.85%
Mar '22	0.79%	0.55%	0.34%
Feb '22	0.59%	0.4%	0.24%
Jan '22	0.26%	-0.04%	-0.1%
Dec '21	0.03%	-0.22%	-0.32%
Nov '21	0.07%	-0.21%	-0.27%
Oct '21	0.16%	-0.2%	-0.18%
Sep '21	0.01%	-0.37%	-0.34%
Aug '21	-0.14%	-0.47%	-0.48%
Jul '21	-0.03%	-0.4%	-0.38%
Jun '21	0.12%	-0.33%	-0.24%
May '21	0.18%	-0.31%	-0.19%
Apr '21	0.04%	-0.38%	-0.3%
Mar '21	-0.04%	-0.4%	-0.33%
Feb '21	-0.21%	-0.45%	-0.39%
Jan '21	-0.36%	-0.54%	-0.53%
Dec '20	-0.39%	-0.55%	-0.55%
Nov' 20	-0.38%	-0.54%	-0.54%
Oct '20	-0.34%	-0.54%	-0.53%
Sep '20	-0.25%	-0.5%	-0.44%
Aug '20	-0.21%	-0.45%	-0.41%
Jul '20	-0.17%	-0.43%	-0.39%
Jun '20	-0.04%	-0.34%	-0.29%
May '20	0.04%	-0.32%	-0.31%
Apr '20	0.14%	-0.25%	-0.22%
Mar '20	-0.02%	-0.36%	-0.33%
Feb '20	-0.13%	-0.43%	-0.34%
Jan '20	-0.03%	-0.25%	-0.17%
Dec '19	0.01%	-0.23%	-0.14%
Nov '19	-0.04%	-0.27%	-0.19%
Oct '19	-0.16%	-0.4%	-0.31%
Sep '19	-0.24%	-0.5%	-0.43%
Aug '19	-0.28%	-0.54%	-0.5%
Jul '19	0%	-0.28%	-0.21%
Jun '19	0.15%	-0.16%	-0.09%
May '19	0.41%	0.02%	0.11%
Apr '19	0.47%	0.11%	0.2%
Mar '19	0.54%	0.17%	0.15%
Feb '19	0.69%	0.26%	0.24%
Jan '19	0.77%	0.37%	0.33%
Dec '18	0.75%	0.42%	0.4%
Nov '18	0.81%	0.5%	0.52%
Oct '18	0.85%	0.56%	0.58%
Sep '18	0.77%	0.51%	0.55%
Aug '18	0.71%	0.47%	0.47%
Jul '18	0.68%	0.47%	0.47%
Jun '18	0.79%	0.54%	0.56%
May '18	0.83%	0.61%	0.67%
Apr '18	0.81%	0.62%	0.69%
Mar '18	0.87%	0.68%	0.63%
Feb '18	0.97%	0.78%	0.76%
Jan '18	0.7%	0.63%	0.61%
Dec '17	0.53%	0.48%	0.45%
Nov '17	0.58%	0.5%	0.47%
Oct '17	0.69%	0.57%	0.54%
Sep '17	0.7%	0.55%	0.53%
Aug '17	0.73%	0.57%	0.54%
Jul '17	0.83%	0.69%	0.69%