The German 10-year Bund yield eased below 3.2% but remained close to Thursday's 15-year high as oil prices pulled back after Brent briefly reached $100 per barrel, while investors assessed new economic data and the ECB's policy outlook. The S&P Global survey showed Eurozone business activity returned to growth in July, beating expectations, supported by a strong rebound in German output as manufacturing production expanded at its fastest pace in nearly four-and-a-half years. However, German consumer confidence weakened slightly heading into August due to softer income expectations. The ECB kept rates unchanged as expected at its July meeting but signaled that a September hike is increasingly likely, with rising energy prices amid the US-Iran conflict reinforcing inflation concerns. Meanwhile, the US imposed new tariffs on imports from 60 trading partners, including the EU, with the European Commission saying the measures were broadly consistent with the EU-US trade agreement.

The yield on Germany 10Y Bond Yield eased to 3.17% on July 24, 2026, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.31 points and is 0.46 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 25 of 2026.

The yield on Germany 10Y Bond Yield eased to 3.17% on July 24, 2026, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.31 points and is 0.46 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 3.08 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 2.92 in 12 months time.



Bonds Yield Day Month Year Date
Germany 10Y 3.17 -0.039% 0.314% 0.457% Jul/24
Germany 3M 2.30 -0.016% 0.028% 0.475% Jul/24
Germany 6M 2.45 0.031% 0.143% 0.589% Jul/24
Germany 52W 2.65 -0.029% 0.188% 0.798% Jul/24
Germany 2Y 2.82 -0.073% 0.281% 0.889% Jul/24
Germany 3Y 2.81 -0.064% 0.324% 0.798% Jul/24
Germany 5Y 2.91 -0.060% 0.309% 0.612% Jul/24
Germany 7Y 3.02 -0.051% 0.340% 0.577% Jul/24
Germany 30Y 3.65 -0.027% 0.245% 0.437% Jul/24
Germany 15Y 3.45 -0.033% 0.260% 0.403% Jul/24



Related Last Previous Unit Reference
Germany Inflation Rate 2.30 2.60 percent Jun 2026
Germany Interest Rate 2.40 2.40 percent Jul 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
3.17 3.21 9.13 -0.91 1983 - 2026 percent Daily

News Stream
German Bund Yields Ease After 15-Year High
The German 10-year Bund yield eased below 3.2% but remained close to Thursday's 15-year high as oil prices pulled back after Brent briefly reached $100 per barrel, while investors assessed new economic data and the ECB's policy outlook. The S&P Global survey showed Eurozone business activity returned to growth in July, beating expectations, supported by a strong rebound in German output as manufacturing production expanded at its fastest pace in nearly four-and-a-half years. However, German consumer confidence weakened slightly heading into August due to softer income expectations. The ECB kept rates unchanged as expected at its July meeting but signaled that a September hike is increasingly likely, with rising energy prices amid the US-Iran conflict reinforcing inflation concerns. Meanwhile, the US imposed new tariffs on imports from 60 trading partners, including the EU, with the European Commission saying the measures were broadly consistent with the EU-US trade agreement.
2026-07-24
10-Year Bund Yield Holds at 15-Year High
The yield on the German 10-year Bund rose to 3.20% on Thursday, the highest in over fifteen years, after the European Central Bank signaled that it remained alert against mounting pro-inflationary risks. The ECB held its key rates unchanged, as largely expected, and reiterated that soaring energy prices due to the war in the Middle East are yet to be fully transmitted to consumer prices in the Eurozone. Higher inflation had already made the ECB deliver a rate hike in June. Further, natural gas benchmarks surged back to three-year highs after blockades against tankers leaving the Red Sea and Persian Gulf threatened global LNG supply, worsening the inflationary outlook. Money markets continue to price in at least two additional rate hikes by the end of the year, with September seen as the most likely timing for the next move. Deficit spending in Germany, France, and Italy also raised yields across the curve, with higher Bund supply maintaining country spreads relatively stable.
2026-07-23
Bund Yield Hits Highest Since 2011 Ahead of ECB Decision
Germany's 10-year Bund yield climbed toward 3.2% on Thursday, reaching its highest level since May 2011, as investors awaited the European Central Bank's policy decision. The ECB is widely expected to keep interest rates unchanged while signaling that a rate hike in September remains a possibility. The central bank delivered its first rate increase in three years in June and indicated that future policy moves would remain data-dependent. Since then, softer readings on inflation, wage growth, economic activity, and inflation expectations have eased pressure for an immediate follow-up move. However, surging oil prices amid escalating tensions in the Middle East have reignited inflation concerns, reinforcing expectations that the ECB will maintain a cautious stance. Money markets continue to price in at least two additional rate hikes by the end of the year, with September seen as the most likely timing for the next move.
2026-07-23