German public debt securities yield, 9 to 10 years
German public debt securities yield, 9 to 10 years stood at 3.46% 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 9 but not more than 10 years | 3.46 | 3.43 | 3.5 | 3.47 | 3.51 | 3.52 | 3.55 | 3.55 | 3.51 | 3.51 | |
| Residual maturity of more than 7 | 3.6 | 3.57 | 3.63 | 3.61 | 3.65 | 3.65 | 3.69 | 3.67 | 3.64 | 3.63 |
Understanding german public debt securities yield, 9 to 10 years
Pricing conditions for the benchmark long-term segment of the sovereign curve are captured by tracking federal debt with exactly 9 to 10 years of remaining life. This precise window isolates the classic long-term reference point, widely recognised as the primary gauge for government financing costs and broader risk-free pricing. By strictly filtering for securities within this narrow band, the metric avoids the compositional drift seen in open-ended categories. It focuses solely on direct sovereign obligations, standing apart from equivalent-maturity covered bonds or the broader aggregate of all government debt.
Daily fluctuations in this bracket reflect immediate macroeconomic expectations and institutional portfolio adjustments, making high-frequency period-on-period comparisons highly informative. Year-on-year analysis provides a clearer picture of shifting structural expectations for inflation and monetary policy over the long run. As specific bond issues age out of the bracket and new long-term benchmarks are introduced, slight discontinuities in the underlying basket occur. However, the tight maturity boundaries ensure these shifts introduce far less distortion than in wider bands, maintaining the integrity of this core benchmark for pricing corporate debt and setting loan rates.
Frequently asked questions
- Why is this specific maturity bracket closely monitored by analysts?
- The window of 9 to 10 years serves as the standard baseline for long-term risk-free borrowing, influencing the pricing of mortgages and corporate debt.
- Does this bracket include freshly issued long-term bonds?
- Newly auctioned securities enter this bracket and remain there until their residual maturity drops below 9 years.
- How do benchmark additions affect the daily calculation?
- Introducing a newly issued benchmark bond shifts the exact average maturity within the bracket closer to the upper limit of 10 years.