Norway Government Bond 10Y Yield

Long-term interest rate: yield on 10-year government bonds, monthly average.

Government Bond 10Y Yield in Norway increased to 4.41 percent in Sep 2026 from 4.29 percent in Aug 2026.

4.41%
▲ +0.12 ppSep 2026 · previous 4.29%Monthly · percent · Source: OECD — Organisation for Economic Co-operation and Development

Norway Government Bond 10Y Yield — History

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Norway Government Bond 10Y Yield — analysis in simple words

Latest reading

Government Bond 10Y Yield in Norway increased to 4.41 percent in Sep 2026 from 4.29 percent in Aug 2026.

It has risen in each of the last three months.

Recent trend

A year earlier (Sep 2025) it was 3.94%, so the latest figure is 0.47 percentage points higher.

Over the past five years the average was 3.49%, with a range from 1.61% to 4.41%. The latest value is above that five-year average.

Historical context

This data series starts in Jan 1985 and has 501 monthly observations. The latest reading is higher than 50% of all of them.

The highest value on record is 13.63% (Dec 1986) and the lowest is 0.47% (May 2020). The long-run average is 5.49%.

Compared with other countries

Among 44 economies with recent data, Norway ranks 19th from the top. The median across all these economies is 4.03%, so Norway is above the typical country.

Within Europe & Central Asia (28 economies with data) it ranks 7th; the regional median is 3.83%.

Statistics

Latest
4.41%Sep 2026
Previous
4.29%
5-year average
3.49%
Long-run average
5.49%since Jan 1985
All-time high
13.63%Dec 1986
All-time low
0.47%May 2020
Observations
501Monthly

Recent Data

PeriodValueChange
Sep 20264.41%▲ +0.12 pp
Aug 20264.29%▲ +0.02 pp
Jul 20264.27%▲ +0.07 pp
Jun 20264.20%▼ −0.13 pp
May 20264.33%▲ +0.04 pp
Apr 20264.29%▲ +0.03 pp
Mar 20264.26%▲ +0.10 pp
Feb 20264.16%▲ +0.04 pp
Jan 20264.12%▲ +0.03 pp
Dec 20254.09%▲ +0.07 pp
Nov 20254.02%▲ +0.06 pp
Oct 20253.96%▲ +0.03 pp
Sep 20253.94%▲ +0.06 pp
Aug 20253.87%▼ −0.01 pp
Jul 20253.88%▼ −0.07 pp
Jun 20253.95%▼ −0.06 pp
May 20254.01%▲ +0.14 pp
Apr 20253.87%▼ −0.15 pp
Mar 20254.02%▲ +0.14 pp
Feb 20253.88%▲ +0.06 pp
Jan 20253.82%▲ +0.16 pp
Dec 20243.66%▲ +0.05 pp
Nov 20243.61%▲ +0.01 pp
Oct 20243.60%▲ +0.26 pp
Sep 20243.34%▲ +0.04 pp
Aug 20243.30%▼ −0.16 pp
Jul 20243.46%▼ −0.09 pp
Jun 20243.55%▼ −0.15 pp
May 20243.70%▼ −0.09 pp
Apr 20243.79%

Government Bond 10Y Yield — Norway vs Peers

Latest available reading for each economy (periods may differ). Norway highlighted.

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More Norway indicators

Understanding Government Bond 10Y Yield — a simple guide

What it measures

The interest rate (yield) investors earn on 10-year government bonds — the benchmark long-term interest rate.

How it is calculated

The average market yield during the month on government bonds with about 10 years left to maturity.

Simple example

A 7% yield means a ₹100 bond pays about ₹7 a year in interest relative to its price.

▲ When it is high or rising

Higher yields make borrowing more expensive for governments, companies and home buyers.

▼ When it is low or falling

Lower yields reduce borrowing costs and tend to support asset prices.

Why it matters for the economy and markets

The 10-year yield sets the tone for home-loan rates, corporate borrowing costs and stock valuations. Rising yields usually make bonds more attractive relative to shares.

How to read it

Yields rise when investors expect higher inflation or interest rates, or demand more compensation for risk. The gap between the 10-year yield and the policy rate (the “yield curve”) is closely watched.

What to look at alongside it

The policy rate, inflation, the budget deficit and global bond yields.

Key terms

Yield
The annual return an investor earns from a bond at its current price.
Yield curve
The gap between long-term and short-term interest rates.
Bond price vs yield
When bond prices fall, yields rise — they move in opposite directions.

Data source

OECD — Organisation for Economic Co-operation and Development (series OECD long-term interest rate), monthly data from Jan 1985 to Sep 2026. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current government bond 10y yield of Norway?
Norway government bond 10y yield was 4.41% in Sep 2026, compared with 4.29% in the previous period, according to OECD — Organisation for Economic Co-operation and Development.
What is the highest and lowest government bond 10y yield of Norway?
Since Jan 1985, the highest reading was 13.63% (Dec 1986) and the lowest was 0.47% (May 2020).
What does government bond 10y yield measure?
The interest rate (yield) investors earn on 10-year government bonds — the benchmark long-term interest rate.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.