Government bond auction · Germany
Germany 5-Year Bobl/g Auction
The Germany 5-Year Bobl/g 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
- Quarterly
- 货币
- EUR · euro
- 中央银行
- The European Central Bank (with the Bundesbank)
最新数据
最新一期于 2026-10-20 公布，数值为 3.08%。 高于上次的 2.49%。
最近 5 次公布中介于 1.86% 至 3.08%，平均 2.43%。 已连续三次公布上升。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 20 Oct 2026 | – | 3.08% | – | 2.49% |
| 5 Aug 2026 | – | 2.71% | – | 2.49% |
| 7 Jul 2026 | – | 2.49% | – | 1.86% |
| 21 Oct 2025 | – | 1.86% | – | 2.02% |
| 17 Jun 2025 | – | 2.02% | – | 2.26% |
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-Year Bobl/g Auction?
The Germany 5-Year Bobl/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 Bobl/g Auction?
3.08%, published on 20 October 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。