German government bond yield, 29-year maturity
German government bond yield, 29-year maturity stood at 3.9% 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 29.0 years, monthly data | 3.9 | 3.77 | 3.63 | 3.39 | 3.48 | 3.57 | 3.46 | 3.3 | 3.44 | 3.41 | |
| Residual maturity of 30.0 years, monthly data | 3.9 | 3.78 | 3.63 | 3.4 | 3.49 | 3.58 | 3.46 | 3.31 | 3.45 | 3.41 |
Understanding german government bond yield, 29-year maturity
Located at the penultimate boundary of the conventional ultra-long sovereign curve, this valuation measures the theoretical funding rate spanning the 29-year horizon. The methodology synthesizes data from the entire pool of active federal bonds to construct a seamless term structure. By eliminating the mechanical effects of regular coupon disbursements, the model produces an idealized zero-coupon metric. This specific horizon captures investor assumptions regarding inflation, growth, and sovereign reliability over an exceptionally long duration, offering a nuanced alternative to adjacent maximum-duration benchmarks.
Month-on-month tracking is the standard analytical approach for this series, allowing observers to see how breaking macroeconomic developments affect the deepest end of the curve. The figures reflect closing prices on the final day of the month, serving as a clean cut-off for institutional reporting. Financial market indicators like this completely lack seasonality, rendering calendar adjustments irrelevant. A common analytical trap is assuming this mathematically derived point behaves exactly like a traded security; its movements are smoothed by the parametric model, masking the micro-level supply and demand imbalances of individual bonds. Users should also factor in that curve convexity drastically amplifies duration risk at this extreme length.
Frequently asked questions
- How does the model calculate a yield when no exact bond matches this maturity?
- Continuous mathematical functions are employed to interpolate the spaces between actual issued securities to map the entire maturity spectrum.
- What macroeconomic forces most heavily impact the 29-year yield?
- Deeply structural expectations, such as long-run demographic trends, terminal policy rates, and secular inflation expectations, are the primary drivers.
- Can this metric be used for daily trading signals?
- Because it is published as a month-end snapshot, it is designed for structural valuation and liability matching rather than high-frequency trading.