Government bond auction · Germany
Germany 11-Month Bubill Auction
The Germany 11-Month Bubill Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
- Importancia
- Low
- Publicado
- Monthly
- Próxima publicación
- Divisa
- EUR · euro
- Banco central
- The European Central Bank (with the Bundesbank)
Últimas cifras
El último dato se publicó el 2026-10-19 y fue 2.945%. Es menos que 2.981% la vez anterior.
En las últimas 9 publicaciones osciló entre 1.994% y 2.981%, con una media de 2.541%.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 19 Oct 2026 | – | 2.945% | – | 2.981% |
| 21 Sep 2026 | – | 2.981% | – | 2.647% |
| 24 Aug 2026 | – | 2.647% | – | 2.622% |
| 20 Jul 2026 | – | 2.622% | – | 2.563% |
| 8 Jun 2026 | – | 2.563% | – | 2.517% |
| 18 May 2026 | – | 2.517% | – | 2.325% |
| 20 Apr 2026 | – | 2.325% | – | 2.279% |
| 9 Mar 2026 | – | 2.279% | – | – |
| 19 Jan 2026 | – | 1.994% | – | – |
Por qué importa
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.
Cómo se calcula
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 soldQué significan los cambios
- 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.
Una breve historia
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Preguntas
What is the Germany 11-Month Bubill Auction?
The Germany 11-Month Bubill Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
What was the latest Germany 11-Month Bubill Auction?
2.945%, published on 19 October 2026.
When is the next Germany 11-Month Bubill Auction?
On Monday 9 November 2026.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.