Germany Bund and Pfandbrief yield curves
German bond yields and the Bund and Pfandbrief yield curves, published by the Deutsche Bundesbank.
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| Indicator | 16-10-2026 | 15-10-2026 | 14-10-2026 | 13-10-2026 | 12-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | 30-09-2026 | 29-09-2026 | 28-09-2026 | 25-09-2026 | 24-09-2026 | 23-09-2026 | 22-09-2026 | 21-09-2026 | 18-09-2026 | 17-09-2026 | 16-09-2026 | 15-09-2026 | 14-09-2026 | 11-09-2026 | 10-09-2026 | 09-09-2026 | 08-09-2026 | 07-09-2026 | 04-09-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Yields on bonds outstanding8 | ||||||||||||||||||||||||||||||||
| Yields on Corporate bonds outstanding1 | ||||||||||||||||||||||||||||||||
| Yields on Corporate bonds outstanding, daily values | 4.48 | 4.53 | 4.53 | 4.53 | 4.54 | 4.56 | 4.56 | 4.56 | 4.59 | 4.55 | 4.62 | 4.63 | 4.66 | 4.66 | 4.62 | 4.58 | 4.49 | 4.46 | 4.49 | 4.5 | 4.51 | 4.54 | 4.54 | 4.51 | 4.49 | 4.38 | 4.34 | 4.3 | 4.27 | 4.26 | ||
| Yields on Mortage Pfandbriefe outstanding11 | ||||||||||||||||||||||||||||||||
| Daily values | 3.62 | 3.68 | 3.67 | 3.68 | 3.68 | 3.72 | 3.7 | 3.66 | 3.69 | 3.68 | 3.78 | 3.79 | 3.82 | 3.84 | 3.81 | 3.79 | 3.67 | 3.63 | 3.65 | 3.68 | 3.67 | 3.7 | 3.7 | 3.68 | 3.63 | 3.55 | 3.51 | 3.48 | 3.45 | 3.44 | ||
| Residual maturity of more than 1 but not more than 2 years | 3.34 | 3.36 | 3.34 | 3.35 | 3.36 | 3.36 | 3.33 | 3.31 | 3.33 | 3.33 | 3.43 | 3.45 | 3.48 | 3.49 | 3.46 | 3.47 | 3.4 | 3.41 | 3.43 | 3.42 | 3.4 | 3.41 | 3.41 | 3.39 | 3.34 | 3.21 | 3.19 | 3.16 | 3.14 | 3.14 | ||
| Residual maturity of more than 2 but not more than 3 years | 3.52 | 3.56 | 3.55 | 3.56 | 3.55 | 3.56 | 3.55 | 3.52 | 3.54 | 3.55 | 3.66 | 3.69 | 3.72 | 3.75 | 3.72 | 3.71 | 3.62 | 3.57 | 3.59 | 3.62 | 3.6 | 3.61 | 3.61 | 3.57 | 3.52 | 3.39 | 3.36 | 3.32 | 3.29 | 3.29 | ||
| Residual maturity of more than 3 but not more than 4 years | 3.47 | 3.52 | 3.52 | 3.53 | 3.52 | 3.55 | 3.54 | 3.5 | 3.56 | 3.57 | 3.68 | 3.7 | 3.73 | 3.76 | 3.74 | 3.74 | 3.61 | 3.56 | 3.6 | 3.61 | 3.6 | 3.64 | 3.63 | 3.6 | 3.55 | 3.44 | 3.4 | 3.37 | 3.34 | 3.33 | ||
| Residual maturity of more than 4 but not more than 5 years | 3.51 | 3.56 | 3.55 | 3.57 | 3.56 | 3.6 | 3.59 | 3.55 | 3.52 | 3.51 | 3.61 | 3.63 | 3.65 | 3.69 | 3.66 | 3.64 | 3.52 | 3.46 | 3.49 | 3.52 | 3.51 | 3.54 | 3.53 | 3.51 | 3.47 | 3.37 | 3.34 | 3.3 | 3.27 | 3.26 | ||
| Residual maturity of more than 5 but not more than 6 years | 3.63 | 3.68 | 3.67 | 3.69 | 3.68 | 3.72 | 3.7 | 3.65 | 3.69 | 3.68 | 3.77 | 3.79 | 3.81 | 3.84 | 3.81 | 3.79 | 3.67 | 3.63 | 3.66 | 3.68 | 3.66 | 3.7 | 3.7 | 3.67 | 3.64 | 3.55 | 3.51 | 3.47 | 3.45 | 3.44 | ||
| Residual maturity of more than 6 but not more than 7 years | 3.68 | 3.74 | 3.72 | 3.74 | 3.74 | 3.78 | 3.77 | 3.72 | 3.75 | 3.74 | 3.83 | 3.83 | 3.86 | 3.89 | 3.82 | 3.78 | 3.69 | 3.66 | 3.69 | 3.7 | 3.71 | 3.74 | 3.73 | 3.71 | 3.69 | 3.61 | 3.56 | 3.53 | 3.5 | 3.48 | ||
| Residual maturity of more than 7 but not more than 8 years | 3.71 | 3.77 | 3.76 | 3.78 | 3.78 | 3.83 | 3.81 | 3.76 | 3.79 | 3.77 | 3.87 | 3.87 | 3.9 | 3.92 | 3.88 | 3.86 | 3.71 | 3.67 | 3.68 | 3.73 | 3.73 | 3.76 | 3.76 | 3.71 | 3.6 | 3.62 | 3.58 | 3.56 | 3.53 | 3.53 | ||
| Residual maturity of more than 8 but not more than 9 years | 3.75 | 3.81 | 3.76 | 3.78 | 3.78 | 3.83 | 3.82 | 3.8 | 3.82 | 3.82 | 3.9 | 3.91 | 3.93 | 3.94 | 3.87 | 3.86 | 3.75 | 3.71 | 3.74 | 3.77 | 3.78 | 3.82 | 3.81 | 3.79 | 3.77 | 3.69 | 3.65 | 3.6 | 3.58 | 3.57 | ||
| Residual maturity of more than 9 but not more than 10 years | 3.79 | 3.85 | 3.84 | 3.86 | 3.87 | 3.91 | 3.9 | 3.83 | 3.86 | 3.85 | 3.95 | 3.94 | 3.97 | 3.98 | 3.94 | 3.92 | 3.79 | 3.75 | 3.77 | 3.81 | 3.82 | 3.84 | 3.85 | 3.83 | 3.81 | 3.74 | 3.7 | 3.67 | 3.65 | 3.63 | ||
| Residual maturity of more than 7 | 3.81 | 3.87 | 3.85 | 3.87 | 3.87 | 3.92 | 3.9 | 3.86 | 3.88 | 3.88 | 3.96 | 3.96 | 3.99 | 4 | 3.95 | 3.92 | 3.8 | 3.77 | 3.78 | 3.82 | 3.83 | 3.86 | 3.85 | 3.83 | 3.78 | 3.74 | 3.7 | 3.67 | 3.65 | 3.64 | ||
| Yields on Public Pfandbriefe outstanding10 | ||||||||||||||||||||||||||||||||
| Residual maturity of more than 1 but not more than 2 years | 3.41 | 3.43 | 3.43 | 3.42 | 3.41 | 3.43 | 3.42 | 3.4 | 3.4 | 3.42 | 3.51 | 3.54 | 3.54 | 3.57 | 3.49 | 3.48 | 3.49 | 3.44 | 3.46 | 3.48 | 3.46 | 3.47 | 3.48 | 3.46 | 3.4 | 3.26 | 3.24 | 3.21 | 3.18 | 3.18 | ||
| Residual maturity of more than 2 but not more than 3 years | 3.54 | 3.58 | 3.58 | 3.57 | 3.55 | 3.59 | 3.59 | 3.57 | 3.59 | 3.6 | 3.7 | 3.71 | 3.71 | 3.75 | 3.73 | 3.69 | 3.53 | 3.49 | 3.5 | 3.52 | 3.51 | 3.51 | 3.5 | 3.5 | 3.44 | 3.34 | 3.29 | 3.25 | 3.23 | 3.22 | ||
| Residual maturity of more than 3 but not more than 4 years | 3.54 | 3.59 | 3.58 | 3.59 | 3.58 | 3.62 | 3.59 | 3.57 | 3.58 | 3.58 | 3.68 | 3.72 | 3.74 | 3.78 | 3.76 | 3.73 | 3.65 | 3.6 | 3.62 | 3.63 | 3.61 | 3.64 | 3.63 | 3.61 | 3.56 | 3.44 | 3.43 | 3.38 | 3.35 | 3.33 | ||
| Residual maturity of more than 4 but not more than 5 years | 3.59 | 3.64 | 3.63 | 3.65 | 3.63 | 3.68 | 3.66 | 3.62 | 3.64 | 3.65 | 3.77 | 3.75 | 3.8 | 3.83 | 3.8 | 3.78 | 3.65 | 3.64 | 3.67 | 3.68 | 3.68 | 3.72 | 3.71 | 3.68 | 3.63 | 3.52 | 3.47 | 3.45 | 3.41 | 3.41 | ||
| Residual maturity of more than 5 but not more than 6 years | 3.64 | 3.71 | 3.69 | 3.71 | 3.7 | 3.75 | 3.74 | 3.69 | 3.71 | 3.71 | 3.79 | 3.82 | 3.84 | 3.88 | 3.84 | 3.81 | 3.7 | 3.67 | 3.69 | 3.7 | 3.71 | 3.74 | 3.73 | 3.7 | 3.68 | 3.58 | 3.53 | 3.51 | 3.47 | 3.46 | ||
| Residual maturity of more than 6 but not more than 7 years | 3.61 | 3.68 | 3.71 | 3.74 | 3.77 | 3.79 | 3.77 | 3.72 | 3.75 | 3.72 | 3.8 | 3.83 | 3.84 | 3.86 | 3.83 | 3.8 | 3.7 | 3.7 | 3.72 | 3.73 | 3.75 | 3.77 | 3.76 | 3.74 | 3.71 | 3.62 | 3.55 | 3.52 | 3.5 | 3.49 | ||
| Residual maturity of more than 7 but not more than 8 years | 3.68 | 3.75 | 3.74 | 3.77 | 3.76 | 3.8 | 3.79 | 3.74 | 3.76 | 3.75 | 3.87 | 3.86 | 3.87 | 3.91 | 3.87 | 3.81 | 3.72 | 3.68 | 3.7 | 3.73 | 3.73 | 3.76 | 3.75 | 3.75 | 3.73 | 3.64 | 3.6 | 3.57 | 3.54 | 3.53 | ||
| Residual maturity of more than 8 but not more than 9 years | 3.76 | 3.83 | 3.81 | 3.84 | 3.83 | 3.89 | 3.88 | 3.83 | 3.85 | 3.83 | 3.92 | 3.93 | 3.94 | 3.98 | 3.91 | 3.9 | 3.79 | 3.74 | 3.76 | 3.8 | 3.8 | 3.83 | 3.83 | 3.82 | 3.8 | 3.73 | 3.69 | 3.64 | 3.62 | 3.6 | ||
| Residual maturity of more than 9 but not more than 10 years | 3.81 | 3.86 | 3.86 | 3.88 | 3.89 | 3.92 | 3.92 | 3.89 | 3.93 | 3.93 | 4.06 | 3.98 | 4.02 | 4.02 | 3.97 | 3.83 | 3.81 | 3.84 | 3.84 | 3.85 | 3.87 | 3.91 | 3.89 | 3.89 | 3.86 | 3.78 | 3.73 | 3.74 | 3.7 | 3.7 | ||
| Residual maturity of more than 7 | 3.82 | 3.88 | 3.88 | 3.9 | 3.9 | 3.95 | 3.93 | 3.88 | 3.9 | 3.9 | 3.98 | 3.98 | 3.99 | 4.01 | 3.96 | 3.92 | 3.83 | 3.79 | 3.81 | 3.85 | 3.85 | 3.88 | 3.88 | 3.87 | 3.85 | 3.78 | 3.75 | 3.71 | 3.69 | 3.68 | ||
| Yields on Public debt securities outstanding11 | ||||||||||||||||||||||||||||||||
| Daily values | 3.43 | 3.48 | 3.47 | 3.49 | 3.49 | 3.52 | 3.5 | 3.48 | 3.46 | 3.46 | 3.61 | 3.6 | 3.64 | 3.65 | 3.6 | 3.6 | 3.5 | 3.48 | 3.5 | 3.53 | 3.55 | 3.57 | 3.57 | 3.55 | 3.52 | 3.45 | 3.4 | 3.4 | 3.36 | 3.36 | ||
| Residual maturity of more than 1 but not more than 2 years | 3.07 | 3.09 | 3.08 | 3.06 | 3.03 | 3.05 | 3.04 | 3.05 | 3.02 | 3.02 | 3.16 | 3.18 | 3.21 | 3.24 | 3.21 | 3.24 | 3.18 | 3.15 | 3.16 | 3.18 | 3.18 | 3.19 | 3.21 | 3.18 | 3.13 | 3 | 2.96 | 2.96 | 2.92 | 2.92 | ||
| Residual maturity of more than 2 but not more than 3 years | 3.14 | 3.18 | 3.16 | 3.16 | 3.14 | 3.15 | 3.14 | 3.15 | 3.1 | 3.1 | 3.28 | 3.32 | 3.37 | 3.39 | 3.35 | 3.36 | 3.28 | 3.25 | 3.27 | 3.29 | 3.29 | 3.3 | 3.31 | 3.28 | 3.22 | 3.11 | 3.07 | 3.05 | 3 | 3 | ||
| Residual maturity of more than 3 but not more than 4 years | 3.19 | 3.24 | 3.23 | 3.24 | 3.22 | 3.24 | 3.22 | 3.22 | 3.18 | 3.19 | 3.35 | 3.37 | 3.43 | 3.45 | 3.4 | 3.41 | 3.32 | 3.29 | 3.31 | 3.34 | 3.34 | 3.35 | 3.36 | 3.32 | 3.27 | 3.17 | 3.12 | 3.1 | 3.06 | 3.06 | ||
| Residual maturity of more than 4 but not more than 5 years | 3.22 | 3.27 | 3.25 | 3.27 | 3.26 | 3.28 | 3.25 | 3.25 | 3.22 | 3.22 | 3.38 | 3.4 | 3.45 | 3.47 | 3.42 | 3.42 | 3.32 | 3.3 | 3.32 | 3.34 | 3.36 | 3.37 | 3.37 | 3.34 | 3.29 | 3.2 | 3.15 | 3.14 | 3.09 | 3.09 | ||
| Residual maturity of more than 5 but not more than 6 years | 3.32 | 3.38 | 3.36 | 3.38 | 3.37 | 3.4 | 3.39 | 3.37 | 3.32 | 3.33 | 3.47 | 3.48 | 3.53 | 3.56 | 3.51 | 3.5 | 3.4 | 3.38 | 3.4 | 3.42 | 3.44 | 3.46 | 3.46 | 3.43 | 3.39 | 3.3 | 3.25 | 3.24 | 3.19 | 3.19 | ||
| Residual maturity of more than 6 but not more than 7 years | 3.32 | 3.38 | 3.36 | 3.38 | 3.38 | 3.41 | 3.39 | 3.37 | 3.36 | 3.35 | 3.51 | 3.51 | 3.55 | 3.57 | 3.52 | 3.52 | 3.41 | 3.39 | 3.41 | 3.43 | 3.45 | 3.48 | 3.47 | 3.45 | 3.41 | 3.33 | 3.28 | 3.27 | 3.23 | 3.22 | ||
| Residual maturity of more than 7 but not more than 8 years | 3.35 | 3.41 | 3.39 | 3.42 | 3.42 | 3.46 | 3.44 | 3.41 | 3.4 | 3.39 | 3.55 | 3.54 | 3.59 | 3.6 | 3.55 | 3.55 | 3.43 | 3.41 | 3.43 | 3.46 | 3.48 | 3.51 | 3.51 | 3.48 | 3.45 | 3.38 | 3.32 | 3.31 | 3.28 | 3.27 | ||
| Residual maturity of more than 8 but not more than 9 years | 3.4 | 3.47 | 3.44 | 3.47 | 3.48 | 3.52 | 3.5 | 3.46 | 3.45 | 3.44 | 3.6 | 3.59 | 3.63 | 3.65 | 3.59 | 3.59 | 3.47 | 3.45 | 3.47 | 3.5 | 3.53 | 3.56 | 3.55 | 3.53 | 3.5 | 3.43 | 3.38 | 3.37 | 3.33 | 3.33 | ||
| Residual maturity of more than 9 but not more than 10 years | 3.43 | 3.5 | 3.47 | 3.51 | 3.52 | 3.55 | 3.55 | 3.51 | 3.51 | 3.5 | 3.65 | 3.63 | 3.68 | 3.69 | 3.64 | 3.62 | 3.51 | 3.5 | 3.52 | 3.55 | 3.57 | 3.6 | 3.6 | 3.58 | 3.55 | 3.5 | 3.43 | 3.43 | 3.4 | 3.39 | ||
| Residual maturity of more than 7 | 3.57 | 3.63 | 3.61 | 3.65 | 3.65 | 3.69 | 3.67 | 3.64 | 3.63 | 3.62 | 3.77 | 3.74 | 3.79 | 3.79 | 3.73 | 3.72 | 3.63 | 3.61 | 3.63 | 3.66 | 3.69 | 3.72 | 3.72 | 3.7 | 3.68 | 3.64 | 3.58 | 3.59 | 3.55 | 3.55 | ||
| Yields on State Debt Securities outstanding10 | ||||||||||||||||||||||||||||||||
| Debt Securities outstanding | 3.67 | 3.73 | 3.72 | 3.74 | 3.74 | 3.78 | 3.76 | 3.72 | 3.74 | 3.74 | 3.83 | 3.85 | 3.87 | 3.9 | 3.86 | 3.83 | 3.73 | 3.7 | 3.72 | 3.74 | 3.74 | 3.77 | 3.76 | 3.74 | 3.71 | 3.62 | 3.58 | 3.55 | 3.52 | 3.51 | ||
| Debt Securities outstanding, Residual maturity of more than 1 but not more than 2 years | 3.36 | 3.34 | 3.38 | 3.39 | 3.32 | 3.37 | 3.38 | 3.38 | 3.38 | 3.4 | 3.49 | 3.48 | 3.51 | 3.51 | 3.5 | 3.51 | 3.44 | 3.42 | 3.41 | 3.42 | 3.41 | 3.48 | 3.43 | 3.39 | 3.35 | 3.28 | 3.17 | 3.23 | 3.21 | 3.15 | ||
| Debt Securities outstanding, Residual maturity of more than 2 but not more than 3 years | 3.44 | 3.47 | 3.47 | 3.47 | 3.46 | 3.48 | 3.48 | 3.45 | 3.46 | 3.47 | 3.56 | 3.6 | 3.64 | 3.63 | 3.59 | 3.61 | 3.52 | 3.49 | 3.5 | 3.5 | 3.48 | 3.5 | 3.53 | 3.49 | 3.44 | 3.33 | 3.3 | 3.27 | 3.23 | 3.24 | ||
| Debt Securities outstanding, Residual maturity of more than 3 but not more than 4 years | 3.48 | 3.54 | 3.53 | 3.54 | 3.53 | 3.57 | 3.56 | 3.52 | 3.53 | 3.56 | 3.66 | 3.64 | 3.7 | 3.72 | 3.69 | 3.68 | 3.57 | 3.56 | 3.58 | 3.58 | 3.57 | 3.6 | 3.61 | 3.57 | 3.53 | 3.41 | 3.36 | 3.35 | 3.31 | 3.31 | ||
| Debt Securities outstanding, Residual maturity of more than 4 but not more than 5 years | 3.51 | 3.57 | 3.55 | 3.57 | 3.57 | 3.6 | 3.6 | 3.55 | 3.57 | 3.59 | 3.68 | 3.67 | 3.72 | 3.74 | 3.72 | 3.7 | 3.58 | 3.55 | 3.57 | 3.59 | 3.59 | 3.61 | 3.61 | 3.58 | 3.55 | 3.44 | 3.4 | 3.37 | 3.34 | 3.33 | ||
| Debt Securities outstanding, Residual maturity of more than 5 but not more than 6 years | 3.56 | 3.61 | 3.6 | 3.62 | 3.62 | 3.66 | 3.66 | 3.61 | 3.62 | 3.64 | 3.73 | 3.72 | 3.76 | 3.78 | 3.75 | 3.72 | 3.61 | 3.59 | 3.61 | 3.62 | 3.64 | 3.66 | 3.66 | 3.63 | 3.61 | 3.5 | 3.46 | 3.43 | 3.4 | 3.4 | ||
| Debt Securities outstanding, Residual maturity of more than 6 but not more than 7 years | 3.59 | 3.64 | 3.63 | 3.65 | 3.66 | 3.69 | 3.68 | 3.64 | 3.66 | 3.68 | 3.77 | 3.75 | 3.8 | 3.81 | 3.77 | 3.75 | 3.62 | 3.61 | 3.62 | 3.65 | 3.65 | 3.67 | 3.67 | 3.65 | 3.62 | 3.53 | 3.48 | 3.47 | 3.44 | 3.44 | ||
| Debt Securities outstanding, Residual maturity of more than 7 but not more than 8 years | 3.64 | 3.69 | 3.68 | 3.71 | 3.71 | 3.75 | 3.74 | 3.69 | 3.7 | 3.74 | 3.82 | 3.8 | 3.84 | 3.85 | 3.81 | 3.78 | 3.66 | 3.66 | 3.67 | 3.68 | 3.7 | 3.72 | 3.73 | 3.7 | 3.67 | 3.59 | 3.54 | 3.53 | 3.5 | 3.5 | ||
| Debt Securities outstanding, Residual maturity of more than 8 but not more than 9 years | 3.68 | 3.74 | 3.73 | 3.76 | 3.76 | 3.81 | 3.8 | 3.74 | 3.76 | 3.77 | 3.88 | 3.86 | 3.88 | 3.91 | 3.87 | 3.84 | 3.72 | 3.68 | 3.71 | 3.74 | 3.75 | 3.77 | 3.78 | 3.76 | 3.74 | 3.66 | 3.63 | 3.6 | 3.57 | 3.56 | ||
| Debt Securities outstanding, Residual maturity of more than 9 but not more than 10 years | 3.72 | 3.78 | 3.77 | 3.79 | 3.81 | 3.84 | 3.84 | 3.78 | 3.79 | 3.83 | 3.93 | 3.89 | 3.94 | 3.93 | 3.89 | 3.85 | 3.73 | 3.73 | 3.74 | 3.76 | 3.78 | 3.8 | 3.81 | 3.79 | 3.77 | 3.71 | 3.64 | 3.64 | 3.61 | 3.61 | ||
| Yields on bank debt securities outstanding11 | ||||||||||||||||||||||||||||||||
| Daily values | 3.7 | 3.75 | 3.74 | 3.75 | 3.75 | 3.79 | 3.78 | 3.74 | 3.76 | 3.77 | 3.87 | 3.85 | 3.89 | 3.91 | 3.88 | 3.85 | 3.73 | 3.72 | 3.74 | 3.75 | 3.76 | 3.79 | 3.79 | 3.75 | 3.73 | 3.63 | 3.58 | 3.57 | 3.53 | 3.52 | ||
| Residual maturity of more than 1 but not more than 2 years | 3.33 | 3.38 | 3.37 | 3.37 | 3.37 | 3.38 | 3.36 | 3.32 | 3.24 | 3.38 | 3.48 | 3.48 | 3.52 | 3.55 | 3.51 | 3.51 | 3.44 | 3.41 | 3.46 | 3.46 | 3.44 | 3.46 | 3.47 | 3.41 | 3.38 | 3.23 | 3.19 | 3.2 | 3.18 | 3.18 | ||
| Residual maturity of more than 2 but not more than 3 years | 3.48 | 3.52 | 3.52 | 3.52 | 3.51 | 3.53 | 3.51 | 3.48 | 3.48 | 3.5 | 3.63 | 3.64 | 3.66 | 3.69 | 3.68 | 3.67 | 3.56 | 3.54 | 3.56 | 3.57 | 3.57 | 3.59 | 3.59 | 3.55 | 3.51 | 3.36 | 3.32 | 3.29 | 3.26 | 3.25 | ||
| Residual maturity of more than 3 but not more than 4 years | 3.54 | 3.58 | 3.58 | 3.58 | 3.58 | 3.6 | 3.6 | 3.57 | 3.59 | 3.61 | 3.73 | 3.71 | 3.75 | 3.78 | 3.76 | 3.75 | 3.63 | 3.61 | 3.63 | 3.63 | 3.63 | 3.66 | 3.67 | 3.63 | 3.6 | 3.47 | 3.43 | 3.4 | 3.36 | 3.36 | ||
| Residual maturity of more than 4 but not more than 5 years | 3.62 | 3.67 | 3.66 | 3.69 | 3.68 | 3.71 | 3.7 | 3.65 | 3.66 | 3.67 | 3.78 | 3.77 | 3.81 | 3.83 | 3.81 | 3.79 | 3.67 | 3.64 | 3.67 | 3.67 | 3.68 | 3.7 | 3.7 | 3.66 | 3.63 | 3.52 | 3.47 | 3.45 | 3.41 | 3.4 | ||
| Residual maturity of more than 5 but not more than 6 years | 3.66 | 3.71 | 3.7 | 3.7 | 3.7 | 3.74 | 3.73 | 3.69 | 3.71 | 3.71 | 3.82 | 3.8 | 3.83 | 3.86 | 3.83 | 3.81 | 3.68 | 3.66 | 3.68 | 3.7 | 3.7 | 3.73 | 3.73 | 3.7 | 3.67 | 3.57 | 3.53 | 3.5 | 3.47 | 3.46 | ||
| Residual maturity of more than 6 but not more than 7 years | 3.7 | 3.75 | 3.75 | 3.77 | 3.77 | 3.81 | 3.8 | 3.75 | 3.77 | 3.78 | 3.89 | 3.88 | 3.9 | 3.93 | 3.89 | 3.86 | 3.75 | 3.73 | 3.76 | 3.77 | 3.78 | 3.81 | 3.81 | 3.79 | 3.76 | 3.65 | 3.61 | 3.59 | 3.55 | 3.55 | ||
| Residual maturity of more than 7 but not more than 8 years | 3.82 | 3.88 | 3.87 | 3.89 | 3.89 | 3.93 | 3.92 | 3.87 | 3.9 | 3.9 | 4 | 3.98 | 4.02 | 4.03 | 3.99 | 3.97 | 3.84 | 3.83 | 3.83 | 3.86 | 3.88 | 3.9 | 3.91 | 3.87 | 3.83 | 3.77 | 3.72 | 3.71 | 3.67 | 3.67 | ||
| Residual maturity of more than 8 but not more than 9 years | 3.8 | 3.85 | 3.84 | 3.86 | 3.86 | 3.91 | 3.9 | 3.86 | 3.88 | 3.9 | 3.99 | 3.96 | 4 | 4.01 | 3.96 | 3.91 | 3.79 | 3.79 | 3.81 | 3.83 | 3.85 | 3.87 | 3.88 | 3.85 | 3.83 | 3.75 | 3.7 | 3.69 | 3.65 | 3.65 | ||
| Residual maturity of more than 9 but not more than 10 years | 3.8 | 3.86 | 3.86 | 3.88 | 3.89 | 3.93 | 3.91 | 3.87 | 3.89 | 3.9 | 4.01 | 3.96 | 4 | 4.01 | 3.96 | 3.92 | 3.8 | 3.79 | 3.81 | 3.83 | 3.85 | 3.88 | 3.88 | 3.86 | 3.84 | 3.77 | 3.72 | 3.72 | 3.68 | 3.68 | ||
| Residual maturity of more than 7 | 3.88 | 3.93 | 3.92 | 3.94 | 3.95 | 3.99 | 3.97 | 3.93 | 3.95 | 3.97 | 4.06 | 4.03 | 4.06 | 4.07 | 4.02 | 3.99 | 3.87 | 3.86 | 3.88 | 3.9 | 3.92 | 3.94 | 3.95 | 3.92 | 3.89 | 3.83 | 3.79 | 3.78 | 3.75 | 3.75 | ||
| Yields on debt securities outstanding11 | ||||||||||||||||||||||||||||||||
| Daily values | 3.57 | 3.63 | 3.61 | 3.63 | 3.63 | 3.67 | 3.64 | 3.62 | 3.62 | 3.61 | 3.75 | 3.74 | 3.78 | 3.79 | 3.75 | 3.73 | 3.63 | 3.62 | 3.63 | 3.66 | 3.68 | 3.7 | 3.7 | 3.68 | 3.65 | 3.57 | 3.52 | 3.51 | 3.47 | 3.47 | ||
| Residual maturity of more than 1 but not more than 2 years | 3.23 | 3.28 | 3.27 | 3.23 | 3.22 | 3.23 | 3.21 | 3.2 | 3.16 | 3.2 | 3.32 | 3.33 | 3.37 | 3.39 | 3.36 | 3.38 | 3.31 | 3.29 | 3.31 | 3.32 | 3.31 | 3.33 | 3.34 | 3.3 | 3.26 | 3.12 | 3.08 | 3.08 | 3.05 | 3.05 | ||
| Residual maturity of more than 2 but not more than 3 years | 3.38 | 3.39 | 3.38 | 3.38 | 3.37 | 3.38 | 3.39 | 3.39 | 3.37 | 3.37 | 3.52 | 3.55 | 3.59 | 3.61 | 3.57 | 3.58 | 3.49 | 3.46 | 3.48 | 3.49 | 3.5 | 3.51 | 3.52 | 3.48 | 3.43 | 3.31 | 3.27 | 3.25 | 3.2 | 3.2 | ||
| Residual maturity of more than 3 but not more than 4 years | 3.42 | 3.47 | 3.46 | 3.46 | 3.45 | 3.47 | 3.46 | 3.45 | 3.44 | 3.44 | 3.58 | 3.59 | 3.64 | 3.67 | 3.63 | 3.63 | 3.53 | 3.5 | 3.52 | 3.54 | 3.54 | 3.56 | 3.57 | 3.53 | 3.48 | 3.37 | 3.33 | 3.31 | 3.26 | 3.26 | ||
| Residual maturity of more than 4 but not more than 5 years | 3.46 | 3.51 | 3.5 | 3.51 | 3.5 | 3.52 | 3.48 | 3.47 | 3.47 | 3.47 | 3.6 | 3.62 | 3.66 | 3.68 | 3.64 | 3.63 | 3.53 | 3.5 | 3.52 | 3.54 | 3.55 | 3.57 | 3.57 | 3.54 | 3.5 | 3.4 | 3.35 | 3.33 | 3.29 | 3.29 | ||
| Residual maturity of more than 5 but not more than 6 years | 3.63 | 3.68 | 3.67 | 3.69 | 3.69 | 3.72 | 3.71 | 3.69 | 3.65 | 3.64 | 3.76 | 3.79 | 3.82 | 3.84 | 3.8 | 3.79 | 3.67 | 3.65 | 3.67 | 3.69 | 3.7 | 3.72 | 3.72 | 3.69 | 3.66 | 3.56 | 3.52 | 3.5 | 3.46 | 3.45 | ||
| Residual maturity of more than 6 but not more than 7 years | 3.5 | 3.56 | 3.55 | 3.56 | 3.56 | 3.59 | 3.58 | 3.56 | 3.55 | 3.55 | 3.69 | 3.68 | 3.72 | 3.74 | 3.7 | 3.68 | 3.57 | 3.56 | 3.58 | 3.6 | 3.62 | 3.65 | 3.64 | 3.62 | 3.58 | 3.5 | 3.45 | 3.43 | 3.39 | 3.39 | ||
| Residual maturity of more than 7 but not more than 8 years | 3.54 | 3.59 | 3.58 | 3.6 | 3.6 | 3.64 | 3.63 | 3.6 | 3.6 | 3.59 | 3.73 | 3.72 | 3.76 | 3.78 | 3.73 | 3.71 | 3.6 | 3.59 | 3.6 | 3.63 | 3.65 | 3.68 | 3.68 | 3.65 | 3.62 | 3.54 | 3.49 | 3.48 | 3.44 | 3.44 | ||
| Residual maturity of more than 8 but not more than 9 years | 3.53 | 3.59 | 3.57 | 3.6 | 3.61 | 3.65 | 3.63 | 3.59 | 3.59 | 3.58 | 3.73 | 3.71 | 3.76 | 3.77 | 3.72 | 3.7 | 3.59 | 3.57 | 3.59 | 3.62 | 3.64 | 3.67 | 3.67 | 3.64 | 3.62 | 3.55 | 3.5 | 3.49 | 3.45 | 3.45 | ||
| Residual maturity of more than 9 but not more than 10 years | 3.55 | 3.61 | 3.6 | 3.63 | 3.64 | 3.68 | 3.66 | 3.63 | 3.63 | 3.63 | 3.77 | 3.75 | 3.79 | 3.8 | 3.75 | 3.73 | 3.62 | 3.61 | 3.62 | 3.65 | 3.68 | 3.71 | 3.7 | 3.68 | 3.66 | 3.6 | 3.54 | 3.54 | 3.5 | 3.5 | ||
| Residual maturity of more than 7 | 3.66 | 3.72 | 3.71 | 3.74 | 3.75 | 3.79 | 3.77 | 3.73 | 3.73 | 3.73 | 3.86 | 3.84 | 3.88 | 3.88 | 3.82 | 3.81 | 3.71 | 3.7 | 3.72 | 3.75 | 3.77 | 3.8 | 3.8 | 3.78 | 3.76 | 3.72 | 3.66 | 3.66 | 3.63 | 3.63 | ||
| Yields on listed Federal securities outstanding5 | ||||||||||||||||||||||||||||||||
| Daily values | 3.4 | 3.37 | 3.43 | 3.41 | 3.44 | 3.44 | 3.47 | 3.44 | 3.42 | 3.4 | 3.39 | 3.55 | 3.55 | 3.59 | 3.61 | 3.55 | 3.55 | 3.46 | 3.44 | 3.45 | 3.49 | 3.51 | 3.53 | 3.53 | 3.51 | 3.47 | 3.41 | 3.36 | 3.35 | 3.31 | 3.31 | |
| Residual maturity of more than 3 years but not more than 5 years | 3.16 | 3.14 | 3.19 | 3.17 | 3.19 | 3.17 | 3.19 | 3.17 | 3.17 | 3.13 | 3.13 | 3.3 | 3.33 | 3.38 | 3.4 | 3.35 | 3.36 | 3.27 | 3.24 | 3.26 | 3.29 | 3.3 | 3.31 | 3.31 | 3.28 | 3.23 | 3.13 | 3.09 | 3.07 | 3.02 | 3.02 | |
| Residual maturity of more than 5 years but not more than 8 years | 3.27 | 3.25 | 3.31 | 3.29 | 3.31 | 3.31 | 3.34 | 3.32 | 3.31 | 3.27 | 3.26 | 3.44 | 3.44 | 3.49 | 3.51 | 3.45 | 3.45 | 3.35 | 3.33 | 3.35 | 3.38 | 3.4 | 3.42 | 3.42 | 3.39 | 3.35 | 3.28 | 3.23 | 3.21 | 3.17 | 3.17 | |
| Residual maturity of more than 8 years but not more than 15 years | 3.46 | 3.43 | 3.49 | 3.47 | 3.51 | 3.51 | 3.55 | 3.53 | 3.5 | 3.49 | 3.47 | 3.64 | 3.62 | 3.66 | 3.67 | 3.61 | 3.61 | 3.5 | 3.49 | 3.5 | 3.54 | 3.56 | 3.6 | 3.59 | 3.57 | 3.55 | 3.49 | 3.43 | 3.43 | 3.4 | 3.39 | |
| Residual maturity of more than 15 years but not more than 30 years | 3.77 | 3.73 | 3.79 | 3.78 | 3.82 | 3.83 | 3.87 | 3.85 | 3.81 | 3.81 | 3.79 | 3.93 | 3.9 | 3.93 | 3.92 | 3.86 | 3.85 | 3.79 | 3.77 | 3.78 | 3.82 | 3.85 | 3.89 | 3.89 | 3.88 | 3.87 | 3.85 | 3.79 | 3.81 | 3.78 | 3.77 | |
| Government bond yield curve30 | ||||||||||||||||||||||||||||||||
| Residual maturity of 1.0 years | 2.95 | 2.94 | 2.96 | 2.95 | 2.94 | 2.92 | 2.94 | 2.92 | 2.93 | 2.91 | 2.9 | 3.02 | 3.04 | 3.07 | 3.1 | 3.08 | 3.11 | 3.05 | 3.03 | 3.05 | 3.06 | 3.05 | 3.05 | 3.08 | 3.06 | 3.01 | 2.88 | 2.85 | 2.84 | 2.81 | 2.81 | |
| Residual maturity of 2.0 years | 3.08 | 3.07 | 3.11 | 3.09 | 3.09 | 3.07 | 3.08 | 3.06 | 3.08 | 3.02 | 3.02 | 3.2 | 3.24 | 3.29 | 3.32 | 3.28 | 3.3 | 3.23 | 3.2 | 3.21 | 3.24 | 3.24 | 3.24 | 3.26 | 3.23 | 3.17 | 3.04 | 3 | 2.99 | 2.94 | 2.94 | |
| Residual maturity of 3.0 years | 3.11 | 3.1 | 3.15 | 3.13 | 3.13 | 3.12 | 3.13 | 3.11 | 3.12 | 3.06 | 3.06 | 3.25 | 3.29 | 3.34 | 3.37 | 3.32 | 3.33 | 3.25 | 3.22 | 3.24 | 3.27 | 3.27 | 3.28 | 3.28 | 3.26 | 3.19 | 3.09 | 3.05 | 3.03 | 2.98 | 2.98 | |
| Residual maturity of 4.0 years | 3.14 | 3.12 | 3.18 | 3.16 | 3.17 | 3.16 | 3.17 | 3.16 | 3.16 | 3.12 | 3.11 | 3.29 | 3.32 | 3.37 | 3.39 | 3.34 | 3.35 | 3.25 | 3.23 | 3.25 | 3.28 | 3.29 | 3.3 | 3.3 | 3.27 | 3.22 | 3.12 | 3.08 | 3.06 | 3.01 | 3.01 | |
| Residual maturity of 5.0 years | 3.18 | 3.16 | 3.22 | 3.2 | 3.22 | 3.21 | 3.23 | 3.21 | 3.21 | 3.18 | 3.17 | 3.34 | 3.36 | 3.41 | 3.43 | 3.38 | 3.38 | 3.28 | 3.25 | 3.27 | 3.3 | 3.32 | 3.34 | 3.33 | 3.3 | 3.26 | 3.17 | 3.12 | 3.11 | 3.06 | 3.06 | |
| Residual maturity of 6.0 years | 3.24 | 3.21 | 3.27 | 3.25 | 3.27 | 3.27 | 3.29 | 3.28 | 3.26 | 3.24 | 3.23 | 3.4 | 3.4 | 3.45 | 3.48 | 3.42 | 3.42 | 3.31 | 3.29 | 3.31 | 3.34 | 3.36 | 3.38 | 3.38 | 3.35 | 3.31 | 3.23 | 3.17 | 3.16 | 3.12 | 3.11 | |
| Residual maturity of 7.0 years | 3.29 | 3.27 | 3.33 | 3.3 | 3.33 | 3.33 | 3.36 | 3.34 | 3.32 | 3.31 | 3.29 | 3.46 | 3.46 | 3.51 | 3.52 | 3.47 | 3.47 | 3.36 | 3.34 | 3.36 | 3.39 | 3.41 | 3.43 | 3.43 | 3.4 | 3.37 | 3.29 | 3.24 | 3.23 | 3.18 | 3.18 | |
| Residual maturity of 8.0 years | 3.35 | 3.32 | 3.38 | 3.36 | 3.39 | 3.39 | 3.43 | 3.41 | 3.38 | 3.37 | 3.35 | 3.52 | 3.51 | 3.56 | 3.57 | 3.52 | 3.51 | 3.4 | 3.38 | 3.4 | 3.43 | 3.46 | 3.49 | 3.48 | 3.46 | 3.43 | 3.35 | 3.3 | 3.29 | 3.25 | 3.25 | |
| Residual maturity of 9.0 years | 3.4 | 3.37 | 3.43 | 3.41 | 3.45 | 3.45 | 3.48 | 3.47 | 3.44 | 3.42 | 3.41 | 3.58 | 3.56 | 3.61 | 3.62 | 3.56 | 3.56 | 3.45 | 3.43 | 3.45 | 3.48 | 3.51 | 3.54 | 3.53 | 3.51 | 3.48 | 3.41 | 3.36 | 3.35 | 3.32 | 3.31 | |
| Residual maturity of 10.0 years | 3.45 | 3.42 | 3.48 | 3.46 | 3.49 | 3.5 | 3.54 | 3.52 | 3.49 | 3.47 | 3.46 | 3.62 | 3.6 | 3.65 | 3.66 | 3.6 | 3.6 | 3.49 | 3.47 | 3.49 | 3.52 | 3.55 | 3.58 | 3.58 | 3.55 | 3.53 | 3.47 | 3.41 | 3.41 | 3.37 | 3.37 | |
| Residual maturity of 11.0 years | 3.49 | 3.46 | 3.52 | 3.5 | 3.54 | 3.54 | 3.58 | 3.56 | 3.53 | 3.52 | 3.5 | 3.67 | 3.64 | 3.69 | 3.69 | 3.64 | 3.63 | 3.53 | 3.51 | 3.53 | 3.56 | 3.59 | 3.62 | 3.62 | 3.6 | 3.57 | 3.52 | 3.46 | 3.46 | 3.43 | 3.42 | |
| Residual maturity of 12.0 years | 3.53 | 3.5 | 3.56 | 3.54 | 3.57 | 3.58 | 3.62 | 3.6 | 3.57 | 3.55 | 3.54 | 3.7 | 3.68 | 3.72 | 3.72 | 3.67 | 3.66 | 3.56 | 3.55 | 3.56 | 3.6 | 3.63 | 3.66 | 3.66 | 3.63 | 3.61 | 3.56 | 3.51 | 3.51 | 3.47 | 3.47 | |
| Residual maturity of 13.0 years | 3.56 | 3.53 | 3.59 | 3.57 | 3.61 | 3.61 | 3.65 | 3.63 | 3.6 | 3.59 | 3.57 | 3.73 | 3.7 | 3.75 | 3.75 | 3.69 | 3.69 | 3.59 | 3.58 | 3.59 | 3.63 | 3.66 | 3.69 | 3.69 | 3.66 | 3.65 | 3.6 | 3.54 | 3.55 | 3.51 | 3.51 | |
| Residual maturity of 14.0 years | 3.59 | 3.56 | 3.62 | 3.6 | 3.64 | 3.64 | 3.68 | 3.66 | 3.63 | 3.62 | 3.6 | 3.76 | 3.73 | 3.77 | 3.77 | 3.72 | 3.71 | 3.62 | 3.6 | 3.62 | 3.65 | 3.68 | 3.71 | 3.71 | 3.69 | 3.68 | 3.64 | 3.58 | 3.58 | 3.55 | 3.54 | |
| Residual maturity of 15.0 years | 3.62 | 3.58 | 3.64 | 3.63 | 3.66 | 3.67 | 3.71 | 3.69 | 3.65 | 3.64 | 3.63 | 3.78 | 3.75 | 3.79 | 3.79 | 3.73 | 3.73 | 3.64 | 3.63 | 3.64 | 3.68 | 3.71 | 3.74 | 3.74 | 3.72 | 3.7 | 3.67 | 3.61 | 3.61 | 3.58 | 3.58 | |
| Residual maturity of 16.0 years | 3.64 | 3.6 | 3.66 | 3.65 | 3.68 | 3.69 | 3.73 | 3.71 | 3.67 | 3.66 | 3.65 | 3.8 | 3.77 | 3.81 | 3.81 | 3.75 | 3.74 | 3.66 | 3.65 | 3.66 | 3.7 | 3.73 | 3.76 | 3.76 | 3.74 | 3.73 | 3.69 | 3.64 | 3.64 | 3.61 | 3.6 | |
| Residual maturity of 17.0 years | 3.66 | 3.62 | 3.68 | 3.67 | 3.7 | 3.71 | 3.75 | 3.73 | 3.69 | 3.69 | 3.67 | 3.82 | 3.79 | 3.83 | 3.83 | 3.77 | 3.76 | 3.68 | 3.66 | 3.68 | 3.71 | 3.74 | 3.78 | 3.78 | 3.76 | 3.75 | 3.72 | 3.66 | 3.66 | 3.64 | 3.63 | |
| Residual maturity of 18.0 years | 3.67 | 3.64 | 3.7 | 3.68 | 3.72 | 3.73 | 3.77 | 3.75 | 3.71 | 3.7 | 3.69 | 3.83 | 3.8 | 3.85 | 3.84 | 3.78 | 3.77 | 3.69 | 3.68 | 3.69 | 3.73 | 3.76 | 3.79 | 3.79 | 3.78 | 3.76 | 3.74 | 3.68 | 3.69 | 3.66 | 3.65 | |
| Residual maturity of 19.0 years | 3.69 | 3.65 | 3.71 | 3.7 | 3.73 | 3.74 | 3.78 | 3.76 | 3.73 | 3.72 | 3.7 | 3.85 | 3.82 | 3.86 | 3.85 | 3.79 | 3.78 | 3.71 | 3.69 | 3.71 | 3.74 | 3.77 | 3.81 | 3.81 | 3.79 | 3.78 | 3.76 | 3.7 | 3.71 | 3.68 | 3.67 | |
| Residual maturity of 20.0 years | 3.7 | 3.67 | 3.72 | 3.71 | 3.75 | 3.76 | 3.8 | 3.77 | 3.74 | 3.73 | 3.72 | 3.86 | 3.83 | 3.87 | 3.86 | 3.8 | 3.79 | 3.72 | 3.7 | 3.72 | 3.76 | 3.79 | 3.82 | 3.82 | 3.8 | 3.79 | 3.77 | 3.71 | 3.72 | 3.7 | 3.69 |
Latest reading
The series on this page is daily and runs from Aug 7, 1997 to Oct 16, 2026. Source: Deutsche Bundesbank.
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About this data
German bond yields and the Bund and Pfandbrief yield curves, published by the Deutsche Bundesbank. The dataset provides the yields on debt securities outstanding, including corporate bonds, broken down by residual maturity. It features the estimated government bond yield curve alongside the corresponding mortgage Pfandbrief curve for maturities up to 27 years. The figures are measured in % p.a. at a daily frequency, with time series dating back since 1974.
Frequently asked questions
- What is the latest figure for Germany Bund and Pfandbrief yield curves?
- Residual maturity of 10.0 years stood at 3.45% on Oct 16, 2026. That is unchanged from Oct 15, 2026 and +0.9 pp from a year earlier.
- How far back does the Germany Bund and Pfandbrief yield curves data go?
- The series on this page is daily and runs from Aug 7, 1997 to Oct 16, 2026. Source: Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What do the Germany Bund and Pfandbrief yield curves measure?
- They measure the daily interest rates on German federal government bonds and covered mortgage bonds (Pfandbriefe). The curves estimate the yields across a range of residual maturities, typically from one to 27 years.
- What breakdowns are available for Germany's daily bond yields?
- The statistics are broken down by issuer group, distinguishing between German government bonds, Pfandbriefe and corporate bonds. The yields are further detailed by their exact residual maturity in years.
- How does the Germany Bund yield curve differ from the Pfandbrief curve?
- The Bund curve reflects the borrowing costs of the German federal government, while the Pfandbrief curve represents yields on collateralised bank debt. Both are measured in % p.a. and read by residual maturity.