Germany 22-year government bond yield
Germany 22-year government bond yield stood at 3.72% on Oct 20, 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 20, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bond yields and yield curves (daily) table
| Indicator | 20-10-2026 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Government bond yield curve | |||||||||||
| Residual maturity of 22.0 years | 3.72 | 3.73 | 3.73 | 3.69 | 3.75 | 3.73 | 3.77 | 3.78 | 3.82 | 3.8 | |
| Residual maturity of 23.0 years | 3.73 | 3.74 | 3.74 | 3.7 | 3.76 | 3.74 | 3.78 | 3.79 | 3.83 | 3.81 |
Understanding germany 22-year government bond yield
Operating deep within the extended duration spectrum, this data point identifies the mathematically derived sovereign borrowing cost at exactly 22.0 years of residual maturity. The rate is generated through a continuous regression model applied to the secondary market valuations of listed federal securities. Positioned between the twenty- and twenty-five-year benchmarks, this specific row helps illuminate the rate of flattening at the very back of the yield curve. The integrity of this metric relies on a strict filtering process that admits only central government debt, entirely excluding the collateralized real estate bonds measured by the Pfandbrief equivalents.
Interpreting this daily yield requires an appreciation for the mechanics of long-duration fixed income, where even microscopic changes in percentage yield equate to massive swings in underlying bond prices. Because market pricing lacks seasonal bias, period-on-period comparisons are statistically clean without any need for seasonal adjustment. The historical catalog of this series is essentially immutable, with retroactive changes avoided to maintain continuity. Users should avoid comparing this specific node directly to the overall national debt burden, as this rate applies only to the tiny fraction of theoretical debt structured for a twenty-two-year repayment window.
Frequently asked questions
- What causes the curve to flatten around the 22-year mark?
- At extreme maturities, the premium investors demand for holding debt longer tends to diminish, causing yields to level off.
- Are retail investors active in this maturity bracket?
- Rarely. This segment of the curve is almost exclusively the domain of institutional buyers like pension funds and sovereign wealth funds.
- Does this row reflect the cost of past or future borrowing?
- It reflects the current theoretical cost to borrow today for a term of twenty-two years, based on today's secondary market.