Group of 7 countries (G7) Compared by Economy > Currency > Prices and interest rates > Long-term interest rates > Long-term interest rates
DEFINITION:
These interest rates refer to government bonds with a residual maturity of about ten years. They are not the interest rates at which the loans were issued, but the interest rates implied by the prices at which the bonds are traded on financial markets. For example if a bond was initially bought for 100 with an interest rate of 9%, but the bond is now trading at 90, the interest rate has risen to 10% ([9/90] x 100).
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