Germany government assets: short-term debt securities
Germany government assets: short-term debt securities stood at 0.7 EUR billion in Q1 2026, according to Deutsche Bundesbank. It is one of the indicators in the General government financial accounts table (Value · Quarterly), with a complete series running from Q1 1999 to Q1 2026. The complete series with an interactive chart, free to download.
This indicator in the General government financial accounts table
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total financial assets | 2,084.8 | 2,021.1 | 1,968.2 | 1,906.8 | 1,878.4 | 1,836.8 | 1,834 | 1,780.8 | 1,791.7 | 1,767.7 | |
| Debt securities | 158.4 | 156.3 | 152.3 | 149.3 | 145.5 | 145.1 | 146.4 | 142.8 | 143.5 | 140.4 | |
| Short-term debt securities | 0.7 | 0.6 | 1.1 | 0.6 | 0.4 | 0.4 | 0.6 | 1.1 | 2 | 2.4 |
Understanding germany government assets: short-term debt securities
Negotiable money-market paper with an initial lifespan of up to twelve months, such as treasury bills and commercial certificates, falls under this heading. These assets include treasury bills, commercial paper, and short-dated certificates of deposit held by public bodies across central, regional, and social insurance subsectors. The sibling line is long-term debt securities, which covers bonds with original maturities exceeding twelve months. Unlike short-term bank time deposits, these instruments are negotiable and can be liquidated immediately on secondary financial markets or through central bank repurchase facilities.
Public treasuries and reserve managers utilize short-term paper as marketable liquidity buffers to manage temporary cash surpluses, causing noticeable variations between quarters. While subject to secondary market valuation, short-term securities exhibit very low price sensitivity to interest rate shifts compared to long-dated bonds, meaning stock changes predominantly mirror actual acquisition and maturity flows. Year-on-year comparisons are preferable for evaluating structural shifts in public liquidity allocation, as they filter out recurring quarterly cash-management patterns. Figures are subject to statistical revisions when detailed security-by-security custodian reports and municipal administrative records are updated.
Frequently asked questions
- What defines a debt security as short-term in this table?
- An original maturity of twelve months or less at the time of issuance determines classification in this category.
- How do short-term debt securities differ from short-term time deposits?
- Debt securities are negotiable instruments that can be sold on secondary markets, whereas time deposits are non-transferable agreements with banks.
- Does market interest rate volatility heavily affect this measure?
- Due to their short duration, these instruments experience minimal price fluctuations, meaning changes mostly reflect actual purchases and maturities.