Germany 10-Year Government Bond Yield
The yield on 10-year German federal securities from the Bundesbank's daily term-structure estimate, the risk-free benchmark for the euro area against which every other euro sovereign is priced. Daily since August 1997; OECD monthly long-term rates extend the history back to 1956, and the page states where the cadence changes.
Germany 10-year yield (%)
- 1-year change (pp)
- +0.53 pp
Next release: Next business day
Latest reading
As of August 21, 2026, Germany 10Y (Germany 10-year yield (%)) stands at 3.27% — down from 3.28% the prior reading, 7.53 pp below the July 1974 record of 10.80%. Bund yields fell below zero in 2019–2021 as the ECB bought bonds and cut its deposit rate negative, then repriced sharply in 2022. Read the level for the euro area's risk-free rate, the spread against the US 10-year for the transatlantic rate gap that drives the euro, and the spread of Italy or Spain over this line for euro-area credit stress. Series history runs from 1956 to present.
Sources, methodology & freshnessLast updated 2026-08-21 · Open ↓Close ↑
Full history
Yield (%)
1-year change
The yield minus its level one year earlier, in percentage points — the pace of repricing rather than the level.
Methodology & data
Germany 10Y is sourced from Bundesbank via the Federal Reserve's FRED service (Deutsche Bundesbank, yields derived from the term structure of listed Federal securities, 10.0 years residual maturity, daily; OECD long-term rate via FRED (IRLTLT01DEM156N) before Aug 1997). We pull the complete history, chart it on a daily basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-08-21. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Germany 10-Year Government Bond Yield?
The yield on 10-year German federal securities from the Bundesbank's daily term-structure estimate, the risk-free benchmark for the euro area against which every other euro sovereign is priced. Daily since August 1997; OECD monthly long-term rates extend the history back to 1956, and the page states where the cadence changes.
How do you read Germany 10Y?
Bund yields fell below zero in 2019–2021 as the ECB bought bonds and cut its deposit rate negative, then repriced sharply in 2022. Read the level for the euro area's risk-free rate, the spread against the US 10-year for the transatlantic rate gap that drives the euro, and the spread of Italy or Spain over this line for euro-area credit stress.
Where does the Germany 10Y data come from?
Deutsche Bundesbank, yields derived from the term structure of listed Federal securities, 10.0 years residual maturity, daily; OECD long-term rate via FRED (IRLTLT01DEM156N) before Aug 1997. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/germany-10-year-yield.csv.
How often is Germany 10Y updated?
Germany 10Y is a daily series from Bundesbank, refreshed here as soon as a new release posts to FRED.
Germany 10-year yield (%)
- 1-year change (pp)
- +0.53 pp
Next release: Next business day