German government bond yield, 24-year maturity
German government bond yield, 24-year maturity stood at 3.87% 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 Jan 2000 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 24.0 years, monthly data | 3.87 | 3.72 | 3.58 | 3.33 | 3.43 | 3.53 | 3.41 | 3.26 | 3.4 | 3.38 | |
| Residual maturity of 25.0 years, monthly data | 3.88 | 3.73 | 3.59 | 3.35 | 3.44 | 3.54 | 3.42 | 3.27 | 3.41 | 3.39 |
Understanding german government bond yield, 24-year maturity
Expanding into the far reaches of the yield curve, this parameter captures the implied interest rate for federal obligations matching the 24-year horizon. The calculation relies on parametric modeling of outstanding government securities to generate a continuous spectrum of rates. By doing so, it isolates the pure yield of a hypothetical zero-coupon instrument, stripping away the pricing anomalies that affect individual debt issues. This specific horizon serves users who need detailed intermediate steps within the ultra-long maturity bracket, differentiating itself from neighboring points by capturing exactly one additional increment of projected macroeconomic risk.
Proper usage of this metric requires understanding its role as a month-end evaluation, which makes month-on-month tracking ideal for monitoring shifts in the long-term borrowing environment. Due to the rapid incorporation of economic data into bond prices, seasonal adjustment is completely unnecessary and inappropriate for yield data. The series is particularly sensitive to changes in the supply of long-duration debt and structural shifts in pension fund demand. Analysts must exercise caution when benchmarking corporate debt against this specific point, as the theoretical nature of the curve means it lacks the liquidity premium present in actual corporate bonds. Periodic model recalibrations can occasionally introduce minor breaks in historical continuity.
Frequently asked questions
- Is the 24-year government bond yield observable in the live market?
- It is not directly traded but mathematically constructed from the prevailing prices of various other traded government securities.
- What causes the curve at this maturity to flatten or steepen?
- Long-term inflation outlooks, demographic shifts affecting pension demand, and broad changes in structural economic growth typically drive these movements.
- Should I compare these yields to standard inflation metrics?
- Yes, comparing nominal yields at this horizon with expected inflation helps determine the real return investors demand for long-term lending.