Germany 21-year government bond yield
Germany 21-year government bond yield stood at 3.72% 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 Aug 1, 2000 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Government bond yield curve | |||||||||||
| Residual maturity of 21.0 years | 3.72 | 3.71 | 3.68 | 3.74 | 3.72 | 3.76 | 3.77 | 3.81 | 3.79 | 3.75 | |
| Residual maturity of 22.0 years | 3.73 | 3.73 | 3.69 | 3.75 | 3.73 | 3.77 | 3.78 | 3.82 | 3.8 | 3.76 |
Understanding germany 21-year government bond yield
Extracting pricing information from the longest-dated sovereign issuance, this statistic isolates the market-implied borrowing rate at a residual maturity of 21.0 years. The figure is generated by fitting a parametric function to the observable secondary market prices of federal debt securities. It explicitly omits debt from sub-national entities and government-sponsored enterprises, contrasting sharply with the broader universe of corporate bonds. By isolating the residual maturity of 21.0 years, this row provides a specific window into ultra-long-duration demand, primarily driven by pension funds and life insurers matching extended liabilities. The selection of input securities is constrained by remaining time to maturity and minimum volume thresholds, ensuring the mathematical abstraction remains firmly grounded in actual capital market activities.
Because bond markets react instantaneously to global events, daily variations provide the most accurate read on investor psychology, making seasonal adjustments unnecessary. The time series is definitively published upon release, avoiding the regular revision schedules seen in macroeconomic survey data. When evaluating shifts in the yield curve, observing daily changes is preferable for capturing sudden repricing events, whereas long-term historical comparisons are suited for studying structural shifts in inflation expectations. Users should avoid directly substituting this statistical estimate for the yield of an active bond. The curve fitting process deliberately neutralizes the unique scarcity premiums and specific tax treatments attached to individual fixed-income instruments.
Frequently asked questions
- What happens when newly issued bonds enter the secondary market?
- Newly listed federal debt is integrated into the model's underlying sample once it meets the required liquidity and maturity parameters, subtly recalibrating the overall curve.
- Does this yield account for taxes on bond interest?
- The published rates represent gross yields before any taxation is applied, reflecting the pure mathematical return based on current market prices.
- Can this figure be negative?
- Yes, depending on prevailing monetary conditions and demand for safe assets, the calculated yield can fall below zero, indicating that investors are paying a premium to hold the debt.