German public debt securities yield, 2 to 3 years
German public debt securities yield, 2 to 3 years stood at 3.17% 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 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 | |
| Residual maturity of more than 3 but not more than 4 years | 3.22 | 3.21 | 3.19 | 3.24 | 3.23 | 3.24 | 3.22 | 3.24 | 3.22 | 3.22 |
Understanding german public debt securities yield, 2 to 3 years
The prevailing returns on sovereign bonds with twenty-four to thirty-six months left to maturity define this indicator, which focuses on the transition point between money markets and medium-term investments. It targets the outstanding obligations of the federal government, definitively excluding municipal bonds, covered notes, and all corporate issuance. This specific slice of the yield curve captures securities that are slightly less anchored to immediate central bank policy than the one-year segment, beginning to price in medium-term macroeconomic expectations.
Daily pricing for these instruments is drawn from continuous secondary market trading, meaning the recorded figures are final at the close of business and not subject to later statistical restatement. The pool of eligible securities rotates constantly as older bonds drift into shorter maturity buckets and are replaced by newer issues passing the three-year threshold. When assessing market trends, year-on-year comparisons can be misleading due to complete turnovers in the underlying bond basket; analyzing sequential monthly shifts provides a more accurate read on current market momentum.
Frequently asked questions
- Are retail savings bonds included in this calculation?
- No, the metric only encompasses tradable debt securities actively priced on secondary capital markets.
- What causes bonds to leave this maturity band?
- As time passes, every bond's remaining lifespan shrinks; once it drops below the twenty-four-month mark, it is automatically removed from this specific index.
- How does this differ from the one-to-two-year bracket?
- This slightly longer horizon incorporates deeper expectations about future inflation and monetary policy beyond the immediate interest rate cycle.