German 10-Year Bund Yield
Daily yield-curve estimate, published with ~1 business day lag · yield, % per year
Bundesbank yield-curve estimate for Fri, 23 Oct 2026
German 10-Year Bund Yield chart
Estimate 23 Oct 2026: 3.36%
Each point is one daily yield-curve estimate for an exact 10-year maturity, not the closing yield of one bond; weekends and market holidays have no value. There is no intraday data. Source: Deutsche Bundesbank.
Ranges and changes
- 52-week range (official daily estimates)
- 2.64%3.66%
One basis point (bp) is 0.01 percentage point, so a move from 4.00% to 4.25% is +25 bp. Changes compare the latest estimate with the estimate on or before the same calendar date 1 week, 1, 3 and 6 months and 1 year earlier; year to date uses the last estimate of the previous year.
Other government bond yields
All yields- US 2-Year Treasury YieldClose Fri, 23 Oct 20264.69%+4.0 bp
- US 5-Year Treasury YieldCboe index, delayed4.805%+3.7 bp
- US 10-Year Treasury YieldCboe index, delayed4.988%+3.5 bp
- US 30-Year Treasury YieldCboe index, delayed5.315%+2.8 bp
- UK 10-Year Gilt YieldEstimate Wed, 21 Oct 20265.334%-1.8 bp
- Japan 10-Year Government Bond YieldClose Thu, 22 Oct 20262.914%-0.9 bp
- Italy 10-Year BTP YieldSeptember 2026 average4.362%+37.6 bp
About the German 10-Year Bund Yield
The German 10-year Bund yield is the annual return on 10-year German federal government bonds, known as Bunds (Bundesanleihen), issued by the Federal Republic of Germany through its debt management agency, the Finanzagentur. Germany is the euro area's largest economy and its bonds are treated as the region's benchmark safe asset.
That makes the 10-year Bund the reference rate for long-term borrowing in the euro area and the base against which other euro government bonds are compared: the spread between Italy's 10-year BTP and the Bund, for example, is a closely watched gauge of euro-area stress. The Bund yield moves with expectations for European Central Bank policy, euro-area inflation and German fiscal policy, and it tends to fall when investors seek safety.
The figure on this page is the Deutsche Bundesbank's daily estimate of the yield on German Federal securities at a 10-year maturity, derived from the Bundesbank's yield curve (time series BBSIS.D.I.ZAR.ZI.EUR.S1311.B.A604.R10XX.R.A.A._Z._Z.A). It is a curve estimate for an exact 10-year maturity rather than the closing yield of one particular Bund, so it can differ slightly from the quoted yield of the current benchmark bond. It is an end-of-day statistic published after the trading day, not an intraday quote.
- Measures
- German Federal securities: estimated yield at an exact 10-year maturity, not one specific bond
- Issuer
- Federal Republic of Germany (Finanzagentur)
- Data
- Deutsche Bundesbank daily yield curve time series (BBSIS)
- Updated
- Daily estimate, published after the trading day
What moves the German 10-Year Bund Yield
- European Central Bank policy decisions and guidance
- Euro-area inflation releases
- German fiscal policy and Bund issuance
- Safe-haven demand during market stress
Scheduled releases to watch: ECB interest rate decision, Euro-area CPI flash estimate, German Ifo business climate. See every upcoming release on the economic calendar.
Markets that react to this yield
- EUR/USD · Reacts to the gap between US and euro-area yields
- Euro Stoxx 50 · Euro-area equities are sensitive to the discount rate
- DAX · German equities, sensitive to Bund yields
Frequently asked questions
What is the latest German 10-year Bund yield?
This page shows the Deutsche Bundesbank's most recent published estimate of the 10-year Bund yield, the date it refers to, its change from the previous business day in basis points, the 52-week range and a daily chart. It is an official end-of-day yield-curve estimate, not a live market quote or the closing yield of one specific bond.
Why is the Bund the euro area's benchmark?
Germany is the largest euro-area economy and its government debt is widely held as a low-risk reserve asset, so its yield is the closest thing the euro area has to a risk-free long-term rate. Other euro government bonds are usually quoted as a spread over the Bund.
How does the Bund yield affect EUR/USD?
The gap between US and German yields is one of the inputs traders watch for EUR/USD: a narrowing gap, with Bund yields rising relative to Treasuries, tends to support the euro, and a widening gap tends to weigh on it. Other drivers can dominate on any given day.
Why do bond yields rise when bond prices fall?
A government bond pays a fixed coupon. If market rates rise, an existing bond's fixed payments are worth less, so its price falls until its yield matches the new market rate; when rates fall, the opposite happens. Yield and price therefore always move in opposite directions, and the longer the maturity, the larger the price move for the same change in yield.
For information and education only, not investment advice. Yields shown are official published statistics (daily estimates), not a quote to buy or sell a bond. Source: Deutsche Bundesbank.