Germany foreign portfolio investment in debt securities
Germany foreign portfolio investment in debt securities stood at 28,056.54 EUR million in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Balance of payments: financial and capital account table (Value · Monthly), with a complete series running from Jan 1971 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Balance of payments: financial and capital account table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio investment, Debt securities2 | 28,056.54 | 43,181.01 | 28,060.62 | 38,321.57 | 21,073.32 | 6,484.68 | 27,575.53 | 53,681.45 | -23,862.16 | 41,452.12 | |
| Portfolio investment, Debt securities, Long-term | 18,478.37 | 43,340.89 | 17,028.42 | 36,605.51 | 14,119.29 | 20,297.15 | 21,769.32 | 58,835.54 | -14,326.05 | 23,957.24 | |
| Portfolio investment, Debt securities, Short-term | 9,578.17 | -159.88 | 11,032.2 | 1,716.06 | 6,954.04 | -13,812.46 | 5,806.21 | -5,154.09 | -9,536.11 | 17,494.88 |
Understanding germany foreign portfolio investment in debt securities
Foreign appetite for domestic bonds and money market instruments is quantified by isolating the debt component of securitized capital inflows. This metric tracks non-resident purchases of tradable debt obligations issued by resident entities, net of redemptions and sales. It bundles together sovereign bonds, corporate debt issuances, and short-term commercial paper, while filtering out equity shares and investment fund certificates found in broader portfolio totals. Because the securities are tradable on secondary markets, this represents liquid foreign credit provision that can be quickly unwound, unlike the illiquid bilateral agreements tracked in the other investment category.
Given the highly liquid nature of global bond markets, month-to-month fluctuations in these flows can be severe and driven entirely by external monetary policy expectations or sovereign spread differentials. Relying on year-on-year comparisons helps abstract from the noise of individual large issuance events or sudden, temporary market sell-offs. Revisions occur regularly as securities identification databases and custodian reports update the residency status of the final investors. When interpreting the data, analysts must recognize that heavy gross trading volumes on secondary markets are netted out, meaning the net figure might mask heavy churn in foreign ownership.
Frequently asked questions
- Does this include foreign investments in domestic stock markets?
- Equity securities are completely excluded from this debt-specific category.
- Are bilateral bank loans from foreign institutions recorded here?
- Non-tradable loans fall under the other investment category rather than this securitized debt classification.
- How do government bond issuances impact this measure?
- When non-residents purchase newly issued or secondary market sovereign debt, it registers as a positive inflow in this series.