German public debt securities yield, 3 to 4 years
German public debt securities yield, 3 to 4 years stood at 3.21% on Oct 16, 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 16, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bond yields and yield curves (daily) table
| Indicator | 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 | 05-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Yields on Public debt securities outstanding | |||||||||||
| Residual maturity of more than 3 but not more than 4 years | 3.21 | 3.19 | 3.24 | 3.23 | 3.24 | 3.22 | 3.24 | 3.22 | 3.22 | 3.18 | |
| Residual maturity of more than 4 but not more than 5 years | 3.24 | 3.22 | 3.27 | 3.25 | 3.27 | 3.26 | 3.28 | 3.25 | 3.25 | 3.22 |
Understanding german public debt securities yield, 3 to 4 years
Highlighting the early stages of the medium-term sovereign debt market, this series isolates federal obligations possessing thirty-six to forty-eight months of remaining lifespan. The metric is strictly confined to government-issued debt, filtering out all agency, corporate, and collateralized bank securities. Positioned exactly at the three-to-four-year mark, this segment captures bonds that are fully detached from short-term money market volatility but have not yet reached the classic five-year benchmark status, offering a unique read on intermediate investor sentiment.
Because the bond market prices in economic developments instantly, these daily values are never seasonally adjusted and reflect exact closing market conditions. The basket of underlying securities naturally evolves over time, which can occasionally cause fractional shifts in the aggregate yield that are completely distinct from fundamental economic changes. To isolate genuine shifts in sovereign credit pricing, analysts typically look at moving averages across several weeks rather than fixating on isolated daily jumps. This specific maturity is frequently used by portfolio managers to fine-tune the duration risk of their fixed-income holdings.
Frequently asked questions
- Does the series measure primary auction results?
- The figures are derived exclusively from secondary market trading rather than the initial yields determined at government auctions.
- Can these bonds be called early by the government?
- Standard sovereign debt tracked here does not feature early redemption options, ensuring the maturity calculation remains entirely predictable.
- Are state-level debts included here?
- The calculation strictly tracks obligations issued by the federal entity, excluding sub-national regional debt.