Germany’s 10-year Bund yield rose to 2.93%, marking its first weekly increase since early June with a nearly 9 bp rise. Traders adjusted positions following the initial drop in yields after the US-Iran deal, while rising long-term yields in Japan, driven by concerns over increased spending, also pushed German yields higher. European bond yields remain well below the multi-year peaks seen in May, as falling crude prices, softer-than-expected inflation, and dovish comments from ECB President Christine Lagarde led markets to scale back bets on a third ECB rate hike this year. Money markets still view a second hike as more likely than not. June’s inflation data undershot expectations, with headline inflation easing to 2.8% and core inflation slowing to 2.4%. At the ECB’s Sintra Forum, Lagarde noted that risks to euro-area inflation and growth had become more balanced. Meanwhile, a weaker-than-expected US jobs report further dampened expectations for a near-term Federal Reserve rate hike.

The yield on Germany 10Y Bond Yield rose to 2.94% on July 3, 2026, marking a 0.04 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.09 points, though it remains 0.37 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 July 4 of 2026.

The yield on Germany 10Y Bond Yield rose to 2.94% on July 3, 2026, marking a 0.04 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.09 points, though it remains 0.37 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 2.89 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 2.74 in 12 months time.



Bonds Yield Day Month Year Date
Germany 10Y 2.93 0.034% -0.091% 0.366% Jul/03
Germany 3M 2.28 0.008% 0.211% 0.451% Jul/03
Germany 6M 2.34 0.043% 0.042% 0.644% Jul/03
Germany 52W 2.42 0.023% -0.055% 0.663% Jul/03
Germany 2Y 2.54 0.044% -0.119% 0.725% Jul/03
Germany 3Y 2.54 0.041% -0.082% 0.648% Jul/03
Germany 5Y 2.65 0.043% -0.090% 0.524% Jul/03
Germany 7Y 2.79 0.038% -0.041% 0.462% Jul/03
Germany 30Y 3.51 0.023% -0.056% 0.428% Jul/03
Germany 15Y 3.27 0.029% -0.091% 0.353% Jul/03



Related Last Previous Unit Reference
Germany Inflation Rate 2.30 2.60 percent Jun 2026
Germany Interest Rate 2.40 2.15 percent Jun 2026
Germany Unemployment Rate 6.30 6.30 percent Jun 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
2.94 2.90 9.13 -0.91 1983 - 2026 percent Daily

News Stream
Bund Yields Post First Weekly Rise in a Month
Germany’s 10-year Bund yield rose to 2.93%, marking its first weekly increase since early June with a nearly 9 bp rise. Traders adjusted positions following the initial drop in yields after the US-Iran deal, while rising long-term yields in Japan, driven by concerns over increased spending, also pushed German yields higher. European bond yields remain well below the multi-year peaks seen in May, as falling crude prices, softer-than-expected inflation, and dovish comments from ECB President Christine Lagarde led markets to scale back bets on a third ECB rate hike this year. Money markets still view a second hike as more likely than not. June’s inflation data undershot expectations, with headline inflation easing to 2.8% and core inflation slowing to 2.4%. At the ECB’s Sintra Forum, Lagarde noted that risks to euro-area inflation and growth had become more balanced. Meanwhile, a weaker-than-expected US jobs report further dampened expectations for a near-term Federal Reserve rate hike.
2026-07-03
Bund Yield Holds Just Above 2.9%
Germany's 10-year Bund yield held just above 2.9%, as investors weighed weaker-than-expected US jobs data, softer Eurozone inflation, and reduced expectations for aggressive ECB rate hikes this year. The US economy added just 57,000 jobs last month, well below forecasts, while the unemployment rate unexpectedly fell to 4.2% as many people left the labor force. In Europe, June inflation came in below expectations, with headline inflation easing to 2.8% and core inflation slowing to 2.4%. Speaking at the ECB's Sintra Forum, President Christine Lagarde said risks to euro-area inflation and growth had become more balanced, citing the recent decline in oil prices. Her comments marked a shift from the ECB's rate hike three weeks earlier, when policymakers cited inflation risks stemming from the Iran conflict. Since then, oil prices have dropped sharply on optimism over a US-Iran peace deal, with Qatar announcing that the next round of indirect talks would be scheduled soon.
2026-07-02
Bund Yields Tick Higher, but ECB Outlook Weighs
Germany’s 10-year Bund yields climbed to 2.95%, a near two-week high, tracking US Treasury yields as investors prepared for US jobs data later in the day. However, gains were limited by softer-than-expected Eurozone inflation data and reduced expectations for aggressive ECB rate hikes this year. Wednesday’s figures showed both headline and core inflation rates had fallen more than expected in June, to 2.8% and 2.4%, respectively. At the ECB’s Sintra Forum, President Christine Lagarde told CNBC that risks to eurozone inflation and growth are now more balanced than a few weeks ago, citing the recent drop in oil prices. The shift follows the ECB’s decision three weeks earlier to become the first G7 central bank to raise rates after the Iran war, driven by concerns over inflation spreading. Since then, oil prices have fallen sharply on US-Iran peace hopes, with Qatar scheduling the next indirect talks soon.
2026-07-02