German public debt securities yield, 1 to 2 years
German public debt securities yield, 1 to 2 years stood at 3.08% on Oct 19, 2026, according to Deutsche Bundesbank. It is one of the indicators in the Bond yields and yield curves (daily) table (Value · Daily), with a complete series running from Jul 1, 1997 to Oct 19, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bond yields and yield curves (daily) table
| Indicator | 19-10-2026 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Yields on Public debt securities outstanding | |||||||||||
| Residual maturity of more than 1 but not more than 2 years | 3.08 | 3.07 | 3.07 | 3.09 | 3.08 | 3.06 | 3.03 | 3.05 | 3.04 | 3.05 | |
| Residual maturity of more than 2 but not more than 3 years | 3.17 | 3.16 | 3.14 | 3.18 | 3.16 | 3.16 | 3.14 | 3.15 | 3.14 | 3.15 |
Understanding german public debt securities yield, 1 to 2 years
Capturing the near-term borrowing environment for the sovereign, this time series tracks the market pricing of federal debt instruments with twelve to twenty-four months remaining until principal repayment. The calculation specifically isolates government-issued securities—such as federal Treasury notes—while filtering out state-backed Pfandbriefe and private sector debt. This particular segment focuses exclusively on the front end of the yield curve, reflecting obligations that have aged out of longer brackets or were originally issued as short-term paper.
Instruments in this brief time horizon are highly sensitive to immediate central bank policy decisions and short-term liquidity conditions, making the daily series highly reactive to monetary announcements. Unlike macroeconomic surveys, these figures are derived from actual secondary market transactions and are thus free from seasonal interference or periodic benchmarking revisions. To accurately interpret shifts in this bracket, observers should prioritize week-on-week or month-on-month changes, which smooth out intraday trading noise. Comparing this metric against longer-dated sovereign bonds is the standard method for determining the steepness or inversion of the near-term yield curve.
Frequently asked questions
- Does this include short-term commercial paper?
- No, the series is strictly restricted to publicly issued government debt securities within the designated time frame.
- Why is this specific bracket so sensitive to monetary policy?
- Short-term sovereign yields are heavily anchored to the central bank's immediate target rate and near-term forward guidance.
- Are inflation-linked bonds part of this aggregate?
- The standard measure typically focuses on nominal fixed-income securities to reflect conventional market yields.