German public Pfandbrief yield, 9 to 10 years
German public Pfandbrief yield, 9 to 10 years stood at 3.81% on Oct 15, 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, 1996 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bond yields and yield curves (daily) table
| Indicator | 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 | 02-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Yields on Public Pfandbriefe outstanding | |||||||||||
| Residual maturity of more than 9 but not more than 10 years | 3.81 | 3.86 | 3.86 | 3.88 | 3.89 | 3.92 | 3.92 | 3.89 | 3.93 | 3.93 | |
| Residual maturity of more than 7 | 3.82 | 3.88 | 3.88 | 3.9 | 3.9 | 3.95 | 3.93 | 3.88 | 3.9 | 3.9 |
Understanding german public Pfandbrief yield, 9 to 10 years
Acting as the classic long-term benchmark for state-collateralized bank debt, this index isolates outstanding obligations that will be redeemed in one hundred and eight to one hundred and twenty months. It aggregates the secondary market pricing of public Pfandbriefe, strictly filtering out any securities with shorter lifespans or different collateral types, such as commercial real estate. Because the ten-year maturity is a global focal point for fixed-income analysis, this specific bracket serves as a primary reference for pricing long-term municipal and sovereign loan portfolios held by the issuing banks.
Evaluating the ten-year sector requires recognizing that newly issued bonds continuously enter this upper boundary, refreshing the sample with current-coupon securities. This steady rotation ensures the yield accurately reflects contemporary market conditions but can introduce microscopic step-changes in the time series. Revisions to historical daily values are virtually nonexistent because the metric relies on finalized end-of-day market quotes. Comparing these returns sequentially across weeks or months offers the best perspective on shifting macroeconomic expectations, while plotting them against shorter maturity bands reveals the slope of the covered bond yield curve.
Frequently asked questions
- Does the calculation use bid or ask prices?
- The series generally relies on mid-market pricing to represent a balanced view of prevailing trading levels.
- Are standard corporate bonds included in this segment?
- No, the universe is strictly limited to covered bonds backed by public sector claims.
- Why is this specific bracket so closely watched?
- The ten-year point acts as a universal anchor for pricing long-term credit risk across global financial markets.