German Bund 1-year Yield (Daily)

## What this measures

The 1-year point on the German government yield curve: the yield of a zero-coupon Bund of exactly 1-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 one-year Bund is the market's one-year forecast of ECB policy, with no credit risk in it.

## How to read it

Higher means tighter euro-area money. It tracks where the market expects the ECB deposit rate over the next year. 3.45% on 7 August 1997, a low of -0.97% on 12 March 2020 (the lowest in records back to 1997) and 2.94% on 8 October 2026.

## 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)", 1-year residual maturity, daily values (series BBSIS/D.I.ZST.ZI.EUR.S1311.B.A604.R01XX.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."