So, I was looking at the 10 year bond yield data. I don't have enough information in my head to put it into historical perspective, but just by comparing the present rates among the countries, it seemed the US is at a worse position than I thought it is given the recent noise from Europe. Notably,
- The only European country with a higher yield is the UK.
- Even France and Canada have lower yields than the US
- Most shockingly, the US yield is higher than Portugal, Italy, Greece, Spain...which are almost close to emerging market status
And yet, it seems there is more noise about IMF bailout for France (and there was, about southern Europe) than ever about the US. What gives? The global reserve currency status?
Or, am I getting something wrong, as a layman, as yields do not present the whole picture?