Government bond auction · Germany
Germany 10-Year Bund/g Auction
The Germany 10-Year Bund/g Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
- Importance
- Low
- Released
- Monthly
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Bundesbank)
Latest figures
The latest release, published on 8 September 2026, came in at 3.19%, up from 3.01% the time before.
Over the last 12 releases it ranged from 2.13% to 3.19%, averaging 2.67%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 8 Sep 2026 | – | 3.19% | – | 3.01% |
| 5 Aug 2026 | – | 3.01% | – | 2.98% |
| 9 Jun 2026 | – | 2.98% | – | 3.0% |
| 5 May 2026 | – | 3.0% | – | 2.93% |
| 7 Apr 2026 | – | 2.93% | – | 2.53% |
| 4 Mar 2026 | – | 2.53% | – | 2.79% |
| 3 Feb 2026 | – | 2.79% | – | 2.52% |
| 21 Oct 2025 | – | 2.52% | – | 2.39% |
| 9 Sep 2025 | – | 2.25% | – | 2.39% |
| 22 Jul 2025 | – | 2.39% | – | 2.37% |
| 17 Jun 2025 | – | 2.37% | – | 2.13% |
| 20 May 2025 | – | 2.13% | – | 2.62% |
Why it matters
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
How it is calculated
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldWhat changes mean
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
A short history
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Questions
What is the Germany 10-Year Bund/g Auction?
The Germany 10-Year Bund/g Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
What was the latest Germany 10-Year Bund/g Auction?
3.19%, published on 8 September 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.