The 10-Year Bund Auction represents the primary sale of German government bonds with a ten-year maturity. These bonds are considered the benchmark for the Eurozone's sovereign debt market due to Germany's high credit rating. The auction results, specifically the average yield and the bid-to-cover ratio, provide insights into investor confidence in the European economy and future interest rate expectations.
The auction is conducted by the German Finance Agency (Finanzagentur) using a multi-price auction method. Authorized institutions submit bids for the volume and price, and the bonds are allocated starting from the highest price until the total volume is reached.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 19, 2026 | 3.26 | — | — |
| Jul 29, 2026 | 3.13 | — | — |
| Jul 8, 2026 | 3.09 | — | — |
| Jun 24, 2026 | 2.96 | — | — |
| Jun 10, 2026 | 3.06 | — | — |
| May 20, 2026 | 3.16 | — | — |
| Apr 29, 2026 | 3.08 | — | — |
| Apr 8, 2026 | 2.92 | — | — |
| Mar 11, 2026 | 2.89 | — | — |
| Feb 18, 2026 | 2.73 | — | — |
| Jan 28, 2026 | 2.85 | — | — |
| Jan 7, 2026 | 2.83 | — | — |
| Nov 26, 2025 | 2.67 | — | — |
| Oct 29, 2025 | 2.62 | — | — |
| Oct 1, 2025 | 2.72 | — | — |
| Sep 9, 2025 | 2.25 | — | — |
| Sep 3, 2025 | 2.77 | — | — |
| Aug 13, 2025 | 2.69 | — | — |
| Jul 23, 2025 | 2.62 | — | — |
| Jul 2, 2025 | 2.63 | — | — |
| Jun 17, 2025 | 2.37 | — | — |
| Jun 11, 2025 | 2.54 | — | — |
| May 21, 2025 | 2.66 | — | — |
| May 20, 2025 | 2.13 | — | — |
| Apr 23, 2025 | 2.47 | — | — |
| Apr 2, 2025 | 2.68 | — | — |
| Mar 12, 2025 | 2.92 | — | — |
| Feb 19, 2025 | 2.52 | — | — |
| Jan 29, 2025 | 2.54 | — | — |
| Jan 21, 2025 | 2.16 | — | — |
| Jan 8, 2025 | 2.51 | — | — |
| Dec 4, 2024 | 2.07 | — | — |
| Nov 13, 2024 | 2.38 | — | — |
| Oct 23, 2024 | 2.31 | — | — |
| Oct 8, 2024 | 2.16 | — | — |
| Oct 2, 2024 | 2.08 | — | — |
| Sep 11, 2024 | 2.11 | — | — |
| Sep 10, 2024 | 2.02 | — | — |
| Aug 21, 2024 | 2.22 | — | — |
| Aug 20, 2024 | 2.16 | — | — |
| Jul 24, 2024 | 2.43 | — | — |
| Jul 3, 2024 | 2.63 | — | — |
| Jul 2, 2024 | 2.74 | — | — |
| Jun 12, 2024 | 2.60 | — | — |
| May 28, 2024 | 2.51 | — | — |
| May 22, 2024 | 2.53 | — | — |
| Apr 30, 2024 | 2.55 | — | — |
| Apr 24, 2024 | 2.54 | — | — |
| Apr 3, 2024 | 2.38 | — | — |
| Mar 26, 2024 | 2.30 | — | — |
