5 Countries With The Highest Bond Yields

4. Republic of Uganda

10 Year Bond Yield as of November 30th, 2022: 17.841%

The Republic of Uganda gained independence from the British monarchy in 1962. Its economy was worth $113 billion in 2020, with GDP per capita standing at $2,752. The country is one of the world’s largest exporters and producers of coffee, and it primarily relies on agricultural products and gold for its exports. The Republic of Uganda’s exports stood at $3.3 billion in 2017. However, its imports were $5 billion, leaving a large current account deficit of $1 billion. Yet, it had considerable foreign exchange reserves (for its size) of $7 billion, which were sufficient to cover the deficit and ensure that the country could also service some of its debt.