The Bund Auction refers to the sale of long-term German federal government bonds (Bunds) by the German Finance Agency. These bonds are considered the gold standard of safe-haven assets in Europe and serve as the primary benchmark for Eurozone interest rates. The auction results, including the average yield and bid-to-cover ratio, provide critical insights into investor confidence and liquidity in the European debt market.
The auction is conducted via a competitive bidding process where institutional investors submit bids. The German Finance Agency determines the allotment based on the highest prices offered until the target volume is met.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Apr 7, 2026 | 3.44 | — | — |
| Oct 21, 2025 | 2.52 | — | — |
| Sep 9, 2025 | 2.25 | — | — |
| Jul 22, 2025 | 2.39 | — | — |
| May 20, 2025 | 3.01 | — | — |
| Apr 8, 2025 | 2.62 | — | — |
| Feb 25, 2025 | 2.73 | — | — |
| Jan 21, 2025 | 2.02 | — | — |
| Oct 31, 2023 | 3.04 | — | — |
