Germany 28-year government bond yield
Germany 28-year government bond yield stood at 3.78% 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 28.0 years | 3.78 | 3.77 | 3.74 | 3.79 | 3.78 | 3.82 | 3.83 | 3.87 | 3.85 | 3.81 | |
| Residual maturity of 29.0 years | 3.78 | 3.78 | 3.74 | 3.8 | 3.79 | 3.83 | 3.84 | 3.88 | 3.85 | 3.82 |
Understanding germany 28-year government bond yield
Pinpointing the theoretical interest rate for German sovereign borrowing at a 28.0-year horizon, this estimated figure is constructed by observing the daily traded prices of eligible federal bonds. The calculation filters out the noise of individual debt instruments, utilizing a mathematical function to interpolate the exact yield for this specific residual maturity. It distinguishes itself from adjacent ultra-long points by capturing the precise duration risk expected slightly before the final edge of standard sovereign issuance. The underlying pool consists strictly of central government obligations, systematically stripping out any paper originating from state administrations, mortgage banks, or private corporations to maintain an uncontaminated sovereign risk profile.
Reading this metric requires focusing on structural trends over months rather than tracking daily basis-point movements, as seasonal trading lulls can artificially distort secondary market liquidity. Because the underlying yield curve is continuously re-estimated, earlier daily figures are not subsequently revised, though the transition of specific bond issues in and out of the eligible maturity bracket can cause minor discontinuities. Analyzing year-on-year shifts provides a clearer picture of changing macroeconomic assumptions than day-to-day fluctuations, which often reflect temporary portfolio rebalancing. A common analytical mistake is directly comparing this theoretical yield with equivalent corporate bonds without accounting for the credit and liquidity premiums inherent in non-sovereign debt.
Frequently asked questions
- Is this figure adjusted for inflation?
- No, it represents the nominal yield on sovereign debt and does not include any adjustments for expected inflation over the period.
- Can I purchase a bond matching this exact profile?
- This specific data point is mathematically derived and does not represent a discrete bond available for direct purchase by retail investors.
- What causes sudden jumps in the daily time series?
- Shifts can occur when major macroeconomic announcements alter market expectations or when large benchmark bonds cross into different maturity brackets within the modeling framework.