Government bond auction · Germany
Germany 5-Month Bubill Auction
The Germany 5-Month Bubill Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
- Важность
- Low
- Опубликовано
- Monthly
- Следующая публикация
- Валюта
- EUR · euro
- Центральный банк
- The European Central Bank (with the Bundesbank)
Последние данные
Последняя публикация вышла 2026-10-19; значение: 2.699%. Это ниже, чем 2.701% в прошлый раз.
За последние 9 публикаций значение колебалось от 1.983% до 2.701%, в среднем 2.350%.
| Опубликовано | Для | Факт | Консенсус | Предыдущее |
|---|---|---|---|---|
| 19 Oct 2026 | – | 2.699% | – | 2.701% |
| 21 Sep 2026 | – | 2.701% | – | 2.492% |
| 24 Aug 2026 | – | 2.492% | – | 2.406% |
| 20 Jul 2026 | – | 2.406% | – | 2.366% |
| 8 Jun 2026 | – | 2.366% | – | 2.247% |
| 18 May 2026 | – | 2.247% | – | 2.143% |
| 20 Apr 2026 | – | 2.143% | – | 2.115% |
| 9 Mar 2026 | – | 2.115% | – | – |
| 19 Jan 2026 | – | 1.983% | – | – |
Почему это важно
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.
Как считается
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 soldЧто означают изменения
- 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.
Краткая история
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Вопросы
What is the Germany 5-Month Bubill Auction?
The Germany 5-Month Bubill Auction is a sale of new government debt by Germany's treasury or debt agency to investors.
What was the latest Germany 5-Month Bubill Auction?
2.699%, published on 19 October 2026.
When is the next Germany 5-Month Bubill Auction?
On Monday 9 November 2026.
Только образовательный материал, не инвестиционная рекомендация. Цифры — опубликованные результаты в том виде, в каком их записал наш календарь; описанные реакции рынка типичны, но не гарантированы.