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The charts below show the yields on 10-year sovereign debt of the US and other major international markets over the last two years. As you can see in the charts and the adjoining table, rates have not just been going up in the United States. In fact, in each of the six regions shown, rates are well off their lows of the last year.

While rates have risen around the world, the magnitude of the move in the US has certainly been greater than any of the other countries/regions shown. In the last three months alone, the yield on the 10-Year US Treasury has risen by 93 basis points (bps) to 2.86%, which is 11 basis points more than the next closest region (Canada) and 45 bps more than the rise in yields in the Euro region. With a decline of 15 bps, Japan is the only country that has seen a decline in 10-year sovereign yields over the last three months.

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Source: Sovereign 10-Year Yields