German government bond yield, 17-year maturity
German government bond yield, 17-year maturity stood at 3.79% in Sep 2026, according to Deutsche Bundesbank. It is one of the indicators in the Interest rates (monthly) table (Value · Monthly), with a complete series running from Jun 1986 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the Interest rates (monthly) table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Government yield curve: month-end estimates | |||||||||||
| Residual maturity of 17.0 years, monthly data | 3.79 | 3.6 | 3.45 | 3.2 | 3.3 | 3.41 | 3.31 | 3.11 | 3.25 | 3.25 | |
| Residual maturity of 18.0 years, monthly data | 3.8 | 3.62 | 3.48 | 3.22 | 3.32 | 3.43 | 3.33 | 3.14 | 3.28 | 3.28 |
Understanding german government bond yield, 17-year maturity
Pushing deeply into the ultra-long fixed-income environment, this calculation pinpoints the theoretical return on federal debt carrying a remaining lifespan of precisely 17.0 years. The figure is synthetically modeled from the prevailing prices of various government securities, stripping away the individual coupon artifacts to present a pure, uninterrupted zero-coupon rate. At this extreme temporal range, standard economic indicators lose their influence, replaced entirely by systemic structural forces such as sovereign solvency perceptions and pension fund duration targeting. This row fundamentally differs from standard curve points by existing in a segment characterized by exceptionally low trading turnover and intense buy-and-hold institutional behavior.
Tracking the trajectory of this deeply deferred metric demands observing absolute changes from one month-end to the next, as relative percentage calculations fail utterly to accurately portray fixed-income mechanics. Market pricing over such vast horizons organically absorbs all calendar effects, negating any use of statistical seasonal adjustments. The curve methodology ensures immense structural consistency, bridging the vast liquidity gaps common in this sector as the underlying pool of available bonds shifts and ages. An acute analytical oversight involves treating this market-derived sovereign rate as interchangeable with the highly regulated Commercial Code discount rates, which follow an entirely detached legal framework.
Frequently asked questions
- Why is trading turnover exceptionally low at the 17.0 years maturity?
- Securities in this extreme duration bracket are primarily acquired by massive life insurers and pension plans, who hold the assets to maturity to guarantee future payouts rather than trading them.
- Does sovereign solvency perception play a larger role here than in shorter durations?
- Yes, locking up capital for seventeen years amplifies the focus on the long-term structural viability of the national treasury, far beyond immediate budgetary concerns.
- Can this point-in-time calculation be reliably used to project future monthly moving averages?
- The month-end snapshot captures the unique liquidity conditions of the final trading session, making it a poor predictive tool for anticipating the smoothed averages of subsequent months.