The one-month and three-month rates fell, the one-year rate stayed the same, while all other rates rose in August.  The yield curve widened from the previous month thus ending its narrowing streak of four months.  The one-month bill maintained the lowest rate throughout the month but it shared the lowest rate on multiple occasions.  There were no moves upwards on short-term rates thus decreasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.

The chart above shows the ten-year interest rate in each EU state as of June 2021, the change from the previous month, and the rate one year prior.  Four states have a negative interest rate (same as 4 last month and down from 8 last year).

The three-month rate rose, the one-month and one-year rates stayed the same, while all other rates fell in July.  The yield curve narrowed from the previous month thus extending its narrowing streak to four months.  The one-month bill did not maintain the lowest rate throughout the month and it shared the lowest rate on multiple occasions.  There were moves upwards on short-term rates thus increasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.

The chart above shows the ten-year interest rate in each EU state as of May 2021, the change from the previous month, and the rate one year prior.  Four states have a negative interest rate (down from 8 last month and down from 8 last year).

The seven-year, ten-year, 20-year, and 30-year rates fell, while all other rates rose in June.  The yield curve narrowed from the previous month thus extending its narrowing streak to three months.  The one-month bill did not maintain the lowest rate throughout the month and it shared the lowest rate on multiple occasions.  There were moves upwards on short-term rates thus increasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.

The chart above shows the ten-year interest rate in each EU state as of April 2021, the change from the previous month, and the rate one year prior.  Eight states have a negative interest rate (down from 10 last month and up from 5 last year).

The one-month, three-month, six-month, and one-year rates remained the same, while all other rates fell in May.  The yield curve narrowed from the previous month thus extending its narrowing streak to two months.  The one-month bill maintained the lowest rate throughout the month but it shared the lowest rate on multiple occasions.  There were no moves upwards on short-term rates thus decreasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.

The chart above shows the ten-year interest rate in each EU state as of March 2021, the change from the previous month, and the rate one year prior.  Ten states have a negative interest rate (down from 11 last month and same as 10 last year).

The one-month, two-year, and three-year rates remained the same, while all other rates fell in April.  The yield curve narrowed from the previous month thus ending its widening streak of four months.  The one-month bill did not maintain the lowest rate throughout the month and it shared the lowest rate on multiple occasions.  There were no moves upwards on short-term rates thus decreasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.

The chart above shows the ten-year interest rate in each EU state as of February 2021, the change from the previous month, and the rate one year prior.  Eleven states have a negative interest rate (down from 12 last month and same as 11 last year).