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Yield Curves Are Lower But Steeper Than at the Beginning of 2020

Sovereign yield curves and yield curve slopes

Justin Thomson, Chief Investment Officer, International Equities

T. Rowe Price, Global Market Outlook, December 2020

Sovereign yield curves (left) and yield curve slopes (right)

global-market-outlook-managing-other-side-figure5

As of November 30, 2020

Past performance is not a reliable indicator of future performance.
Source: T. Rowe Price analysis using data from FactSet Research Systems Inc. All rights reserved.