Government bond yield · Germany
Germany 10-Year Bund Auction
The Germany 10-Year Bund Auction is the yield on Germany's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- الأهمية
- Medium
- صدر
- Monthly
- الإصدار التالي
- العملة
- EUR · euro
- البنك المركزي
- The European Central Bank (with the Bundesbank)
أحدث الأرقام
صدر آخر إصدار في 2026-10-28 وجاء عند 3.37%. هذا أقل من 3.58% في المرة السابقة.
خلال آخر 12 إصدارات تراوح بين 2.73% و3.58%، بمتوسط 3.14%.
| صدر | المدة | الفعلي | التوقعات | السابق |
|---|---|---|---|---|
| 28 Oct 2026 | – | 3.37% | – | 3.58% |
| 30 Sep 2026 | – | 3.58% | – | 3.39% |
| 9 Sep 2026 | – | 3.39% | – | 3.26% |
| 19 Aug 2026 | – | 3.26% | – | 3.13% |
| 29 Jul 2026 | – | 3.13% | – | 3.09% |
| 8 Jul 2026 | – | 3.09% | – | 3.06% |
| 10 Jun 2026 | – | 3.06% | – | 3.16% |
| 20 May 2026 | – | 3.16% | – | 3.08% |
| 29 Apr 2026 | – | 3.08% | – | 2.92% |
| 8 Apr 2026 | – | 2.92% | – | 2.89% |
| 11 Mar 2026 | – | 2.89% | – | 2.73% |
| 18 Feb 2026 | – | 2.73% | – | 2.85% |
لماذا يهم
Government yields are the base of every other interest rate. Short maturities follow the European Central Bank (with the Bundesbank)'s policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the euro; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
طريقة الحساب
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationما تعنيه التغيرات
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
لمحة تاريخية قصيرة
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
الأسئلة
What is the Germany 10-Year Bund Auction?
The Germany 10-Year Bund Auction is the yield on Germany's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest Germany 10-Year Bund Auction?
3.37%, published on 28 October 2026.
When is the next Germany 10-Year Bund Auction?
On Wednesday 25 November 2026 at 10:30 UTC.
محتوى تعليمي فقط، وليس نصيحة استثمارية. الأرقام هي النتائج المنشورة كما سجّلتها مفكرتنا؛ وردود فعل السوق الموصوفة نموذجية وليست مضمونة.