Eiro etalona līkne
Vācija — Bund
German 10-year bund (Maastricht): 3.19% uz August 2026 · ECB IRS long-term rate. Metodika
Vācijas federālo parādu emitē Finanzagentur kā Schatz (apmēram divi gadi), Bobl (apmēram pieci), Bund (desmit un trīsdesmit) un ar inflāciju saistītas rindas. 10 gadu Bund ir eirozonas bezriska atsauce; citi eiro suverēni tirgojas kā spreids pret to.
Negatīvi Bund ienesīgumi bija 2010. gados. Kupons nav ienesīgums: Bund, kas nopirkts pie 140, joprojām var būt „drošs“ kredīts un vājš ienesīgums līdz dzēšanai.
Rādām ECB ilgtermiņa Vācijas likmi (mēnesī) un ECB AAA 10 gadu spot (katru dienu), lai redzētu gan nacionālo izdruku, gan supersuverēno līkni.
- 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.