Actual
3.4943
Daily Change
0.0405
Monthly
0.25%
Yearly
0.75%
Q3 Forecast
3.5150
Germany 10-Year Bond Yield - Summary

Germany’s 10-year Bund yield held around 3.45% as falling oil prices prompted traders to scale back expectations for further ECB rate hikes, while investors assessed stronger-than-expected PMI data. Brent crude fell amid signs of progress in renewed US-Iran talks and efforts to restore a key Saudi Arabian pipeline. ECB official Joachim Nagel said oil prices were becoming an increasingly important factor in rate-setting and left the door open to further hikes, citing still-high core inflation, while adding that he had so far seen no significant second-round inflation effects. ECB Chief Economist Philip Lane, however, warned that another surge in energy prices could keep eurozone inflation elevated for longer than expected. Meanwhile, flash PMI data showed eurozone private-sector activity expanding in September at its fastest pace in almost three-and-a-half years. In the US, investors increased bets on further Fed rate hikes following a series of hawkish comments from policymakers.

Germany 10-Year Bond Yield - Stats

The yield on Germany 10Y Bond Yield rose to 3.49% on September 23, 2026, marking a 0.04 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.25 points and is 0.75 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Germany 10-Year Bond Yield reached an all time high of 9.13 in September of 1990. Germany 10-Year Bond Yield - data, forecasts, historical chart - was last updated on September 23 of 2026.

Germany 10-Year Bond Yield - Forecast

The yield on Germany 10Y Bond Yield rose to 3.49% on September 23, 2026, marking a 0.04 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.25 points and is 0.75 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Germany 10-Year Bond Yield is expected to trade at 3.52 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.31 in 12 months time.



Bonds Yield Day Month Year Date
Germany 10Y 3.49 0.041% 0.246% 0.747% Sep/23
Germany 3M 2.45 0.008% 0.043% 0.846% Sep/23
Germany 6M 2.69 -0.011% 0.163% 0.770% Sep/23
Germany 52W 2.93 0.029% 0.285% 0.984% Sep/23
Germany 2Y 3.27 0.061% 0.413% 1.246% Sep/23
Germany 3Y 3.27 0.062% 0.417% 1.185% Sep/23
Germany 5Y 3.34 0.059% 0.378% 1.008% Sep/23
Germany 7Y 3.40 0.054% 0.321% 0.926% Sep/23
Germany 30Y 3.82 0.014% 0.069% 0.473% Sep/23
Germany 15Y 3.71 0.029% 0.179% 0.584% Sep/23



Related Last Previous Unit Reference
Germany Inflation Rate 2.90 2.80 percent Aug 2026
Germany Interest Rate 2.65 2.40 percent Sep 2026
Germany Unemployment Rate 6.40 6.40 percent Aug 2026

Germany 10-Year Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
3.49 3.45 9.13 -0.91 1983 - 2026 percent Daily

News Stream
Bund Yield Steady as Markets Reassess ECB Rate Outlook
Germany’s 10-year Bund yield held around 3.45% as falling oil prices prompted traders to scale back expectations for further ECB rate hikes, while investors assessed stronger-than-expected PMI data. Brent crude fell amid signs of progress in renewed US-Iran talks and efforts to restore a key Saudi Arabian pipeline. ECB official Joachim Nagel said oil prices were becoming an increasingly important factor in rate-setting and left the door open to further hikes, citing still-high core inflation, while adding that he had so far seen no significant second-round inflation effects. ECB Chief Economist Philip Lane, however, warned that another surge in energy prices could keep eurozone inflation elevated for longer than expected. Meanwhile, flash PMI data showed eurozone private-sector activity expanding in September at its fastest pace in almost three-and-a-half years. In the US, investors increased bets on further Fed rate hikes following a series of hawkish comments from policymakers.
2026-09-23
German Bund Yields Fall as Oil Drops Below $100
Germany’s 10-year Bund yield reversed an early rise to fall below 3.45% on Tuesday, its lowest level since September 9, extending a seven-basis-point decline in the previous session as oil prices resumed their recent slide. Brent crude fell below $100 a barrel following reports that Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Eurozone bond yields have climbed to multi-year highs in recent weeks, as concerns over an energy-driven inflation shock have strengthened expectations for higher interest rates. Investors are also weighing elevated government debt and increased corporate borrowing to finance AI investment. Political uncertainty is adding to market concerns, with Germany’s governing CDU suffering its worst-ever result in Mecklenburg-Western Pomerania. The party failed to win a single seat, prompting some members to call for Chancellor Friedrich Merz to step down after 16 months in office.
2026-09-22
Bund Yields Rise as Inflation and Political Risks Mount
Germany’s 10-year Bund yield edged up to 3.47% on Tuesday, following a seven-basis-point decline in the previous session, as oil prices recovered from recent lows and remained on track to end a four-day losing streak. Brent crude rose after touching its lowest level since September 10, with Middle East tensions keeping markets focused on energy flows and potential diplomatic efforts at this week’s UN meetings. Eurozone bond yields have climbed to multi-year highs in recent weeks, as concerns over an energy-driven inflation shock have strengthened expectations for higher interest rates. Investors are also weighing elevated government debt and increased corporate borrowing to fund AI investment. Political uncertainty is adding to the pressure, with Germany’s governing CDU suffering its worst-ever result in Mecklenburg-Western Pomerania. The party failed to win a single seat, prompting some members to call for Chancellor Friedrich Merz to step down after 16 months in office.
2026-09-22