Germany’s 10-year government bond yield slipped toward 2.7%, following US Treasuries lower after soft US labor data reinforced expectations that the Federal Reserve will resume rate cuts in September. The latest ADP survey showed private businesses added just 54,000 jobs in August, a sharp slowdown from July and well below forecasts of 65,000. Other indicators pointed to a cooling labor market, with job openings in July falling to their lowest since September 2024 and jobless claims reaching a two-month high. Investors now await the release of August nonfarm payrolls Friday. In Europe, fiscal concerns rose as Germany’s medium-term finance plan anticipates around €500 billion in net new borrowing through 2029 to fund infrastructure and defense spending. Political risks are also in focus, with France’s prime minister facing a confidence vote on September 8.
The yield on Germany 10Y Bond Yield eased to 2.72% on September 4, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.10 points and is 0.51 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 5 of 2025.
The yield on Germany 10Y Bond Yield eased to 2.72% on September 4, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.10 points and is 0.51 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 2.70 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 2.64 in 12 months time.