Euro lyginamoji kreivė
Vokietija — Bund
German 10-year bund (Maastricht): 3.19% data August 2026 · ECB IRS long-term rate. Metodika
Vokietijos federacinę skolą leidžia Finanzagentur kaip Schatz (apie dvejus metus), Bobl (apie penkerius), Bund (dešimt ir trisdešimt) ir su infliacija susietas eilutes. 10 metų Bund — euro zonos nerizikinga nuoroda; kiti euro suverenai prekiauja kaip spreadas iki jo.
Neigiami Bund pajamingumai buvo 2010-aisiais. Kuponas nėra pajamingumas: Bund, nupirktas už 140, vis tiek gali būti „saugus“ kreditas ir silpnas laikymo iki termino rezultatas.
Rodome ECB ilgalaikę Vokietijos palūkanų normą (kas mėnesį) ir ECB AAA 10 metų spot (kasdien), kad matytumėte ir nacionalinį atspaudą, ir supersuverenią kreivę.
- 1What Are German Bunds?Bunds are federal German government bonds and the euro area’s benchmark safe asset.
- 2How Do German Government Bonds Work?Issued by Finanzagentur, traded with high liquidity, paying euro coupons and par at maturity.
- 3German Bund Yields ExplainedThe bund curve is the euro risk-free reference. Spreads of OATs, BTPs and others are quoted versus bunds.
- 4Bunds vs US TreasuriesEUR versus USD duration. Policy, inflation and who holds the bonds differ more than the word ‘safe’.
- 5Bunds vs UK GiltsEuro core versus sterling sovereign. FX, BoE vs ECB, and UK pension demand for long gilts.
- 6What Are German Schatz Bonds?Schatz (Bundesschatzanweisungen) are short German government notes, typically around two years.
- 7What Are German Bobl Bonds?Bobls (Bundesobligationen) are medium-term German federal bonds, typically five years.
- 8How to Buy German Government BondsBanks, brokers and euro government-bond ETFs. Primary auctions are dealer-dominated; secondary access is straightforward for retail in the EU.
- 9German Government Bond Auctions ExplainedFinanzagentur runs a transparent calendar. Bunds can also be tapped via syndication for very long or linker lines.
- 10Are German Bunds Safe?Bunds are widely treated as the euro area’s premier credit. Price risk remains if yields rise.