5 Countries With The Highest Bond Yields

1. Democratic Socialist Republic of Sri Lanka

10 Year Bond Yield as of November 30th, 2022: 30.836%

The Democratic Socialist Republic of Sri Lanka, or Sri Lanka, is an Asian island nation. Its history goes back thousands of years, and the country primarily exports tea and textiles. While Sri Lanka’s GDP stood at $319 billion in 2021, owing to its small population, the country had one of the highest GDP per capita of $14,230 in South Asia in 2021. However, it was the first country to default in 2022, after its $1.9 billion of foreign exchange reserves were insufficient to meet the debt repayment obligations of $4 billion for the year. A United Nations report blamed corruption and human rights abuses as two of the key reasons behind the economic disaster that led to inflation soaring to a devastating 61% in November 2022. The Lankan people painfully suffered due to economic mismanagement, with hospitals running out of tracheal tubes for babies and a ban on fuel sales for non essential transport vehicles.

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