|Countries||Date||Yield||Ch.||Mon. ch.||Ann. ch.|
|United States [+]||10/18/2019||1.75%||0.00||-0.03||-1.42|
|United Kingdom [+]||10/18/2019||0.70%||0.02||0.07||-0.84|
|New Zealand [+]||10/18/2019||1.24%||0.03||-0.02||-1.48|
A bond is an instrument of indebtedness (fixed-income securities) under which the issuer owes the holders a debt and, is obliged to pay them interest (the coupon) or to repay the principal at a specific date.
Interest is payable at fixed intervals (usually semiannual or annual). Usually the bond is negotiable, i.e. the ownership of the instrument can be transferred in the secondary market.
Bonds provide the borrower with external funds to finance long-term investments, or, in the case of government bonds, to finance current expenditure.
Bonds are used by companies, municipalities, states and governments to finance projects and activities.
Bond maturities range from a 90-day Treasury bill to a 30-year government bond. Corporate and municipals are typically in the three to 10-year range
The countries issue 10-year bonds to finance.
As higher the risk of a country, more should reward investors to purchase their debt.
Therefore, higher will be the profitability of its bonds or interest rate offered by the country's public debt to investors.
The difference between the yield on bonds 10-year of a country and the German 10-year bond (Bund) is the premium risk of that country.