German Bund 10-year Yield (Daily)

## What this measures

The 10-year point on the German government yield curve: the yield of a zero-coupon Bund of exactly 10-year to maturity, estimated by the Bundesbank each trading day with the Svensson method from the prices of listed Federal securities. Percent per year.

## Why it matters

The ten-year Bund is the euro area's risk-free rate: the benchmark every other euro government bond, bank bond and mortgage is priced against.

## How to read it

Higher means dearer long-term borrowing for the euro area's benchmark issuer. 5.95% on 7 August 1997, a low of -0.85% on 9 March 2020 (the lowest in records back to 1997) and 3.57% on 8 October 2026. Other euro sovereigns are quoted as a spread over this yield.

## What it does not say

It is an estimated zero-coupon yield, not the quoted yield of any single bond, and the Bundesbank revises recent estimates. Before August 1997 the Bundesbank published month-end values only; this series starts with the daily record on 7 August 1997. Non-trading days are blank.

## Source

Deutsche Bundesbank, time series database, "Term structure of interest rates on listed Federal securities (Svensson method)", 10-year residual maturity, daily values (series BBSIS/D.I.ZST.ZI.EUR.S1311.B.A604.R10XX.R.A.A._Z._Z.A). Palanor reads it from the Bundesbank SDMX REST API every weekday and rewrites the last 60 days so revisions carry through.

Source: Deutsche Bundesbank. Reused under the ESCB terms for the reuse of statistics as published by the Bundesbank: "All publicly available ESCB statistics may be reused free of charge on the condition that the source is quoted … and that the statistics (including metadata) are not modified."