German Bund Yields Explained
Редакція Financial World News · Освітнє пояснення · Як ми збираємо дохідності
The bund curve is the euro risk-free reference. Spreads of OATs, BTPs and others are quoted versus bunds.
Повний брифінг цього посібника англійською. Заголовок, резюме та навігація — вашою мовою, щоб вирішити, чи читати далі.
German Bund Yields Explained — the mechanics
A 10-year bund yield near 2.5% (illustrative, dated) is a different world from the negative-yield decade. Always stamp the date on any comparison table.
The 10-year bund yield is the euro risk-free rate that BTP, OAT and euro swap spreads are quoted against. We show the ECB German long-term monthly rate and the daily AAA curve 10-year, both dated.
Negative bund yields meant you paid for safety and for regulatory-eligible paper. That can happen again. Coupon 1.5% at a price of 110 is not a 1.5% YTM.
Schatz yields track ECB policy; 30-year bunds track duration demand and supply. Do not read every bund move as an ECB hike.
Dated yields for this germany — bunds topic
The live board on this site prints official or exchange 10-year rates with the observation date on each card (Bank of England IUDMNZC, ECB Maastricht series, CBOE/Yahoo Treasury yields). Individual ISIN prices are estimated from those moves — not a dealer quote.
Illustrative round-number snapshot for education. Figures are not a live market feed. Confirm with the UK DMO, TreasuryDirect, Bundesrepublik Deutschland Finanzagentur, Italian MEF, Agence France Trésor or Swiss Confederation before acting.
UK Gilts: UK Treasury 4.25% 2034 yield 5.25%, estimated price 93.7, duration 6.4y, maturity 2034-03-07.
US Treasuries: US Treasury 10-year Note yield 4.97%, estimated price 91.9, duration 8.2y, maturity 2036-08-15.
German Bunds: German Bund 10-year yield 3.19%, estimated price 94.1, duration 8.6y, maturity 2036-08-15.
Italian BTPs: BTP 10-year yield 3.99%, estimated price 96.1, duration 8.1y, maturity 2036-03-01.
French OATs: French OAT 10-year yield 4.00%, estimated price 89.8, duration 8.3y, maturity 2036-05-25.
Swiss Confederation: Swiss Confederation 10-year yield 0.42%, estimated price 100.7, duration 9.4y, maturity 2036-06-28.
If a number here disagrees with your broker, trust the broker to trade. Use this page to understand the contract, then confirm the screen.
Official sources (Germany — Bunds)
Primary statistics and prospectuses for Germany — Bunds are published by the issuer, not by this newsroom. The labelled links at the end of this page go to those official sites (DMO, TreasuryDirect, Finanzagentur, MEF, AFT, SNB or ECB as relevant).
Our live board is a teaching overlay: dated prints, named sources, estimated ISIN lines. It is not a replacement for the issuer’s calendar.
Ключові висновки
- The 10-year bund yield is the euro risk-free rate that BTP, OAT and euro swap spreads are quoted against.
- Any market figure belongs next to a date and a named source (BoE, ECB, CBOE/Yahoo). If those disagree with your broker, the broker wins for trading.
- Credit of a G7 government in its own currency is not the same as a stable screen price, and not the same as a bank deposit.
Поширені запитання
- Why do bunds yield less than OATs or BTPs?
- Germany is priced as the core euro credit. France and Italy pay a spread for perceived fiscal and political differences.