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.
- 重要性
- Low
- 发布时间
- Monthly
- 下次发布
- 货币
- EUR · euro
- 中央银行
- The European Central Bank (with the Bundesbank)
最新数据
最新一期于 2026-10-19 公布，数值为 2.699%。 低于上次的 2.701%。
最近 9 次公布中介于 1.983% 至 2.701%，平均 2.350%。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 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% | – | – |
为何重要
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.
计算方法
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 sold变化意味着什么
- 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.
简史
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
问题
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.
仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。