Government bond auction · Germany
Germany 5-Year Bund/g Auction
The Germany 5-Year Bund/g Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
- Importance
- Low
- Devise
- EUR · euro
- Banque centrale
- The European Central Bank (with the Bundesbank)
Derniers chiffres
La dernière publication est parue le 2026-05-05 et s’est établie à 2.68%. C’est plus que 2.02% la fois précédente.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 5 May 2026 | – | 2.68% | – | – |
| 21 Jan 2025 | – | 2.02% | – | 2.02% |
Pourquoi c’est important
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.
Mode de calcul
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 soldCe que signifient les variations
- 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.
Un bref historique
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 5-Year Bund/g Auction?
The Germany 5-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 5-Year Bund/g Auction?
2.68%, published on 5 May 2026.
Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.