Germany 10-Year Government Bond Yield
Long-term (10-year) German government bond yield, from the OECD Main Economic Indicators.
2.97
Percent
Germany 10-Year Government Bond Yield — latest reading: 2.97 percent. As of June 2026, it is up 17.9% over the past 12 months, well above its 10-year average. Source: IRLTLT01DEM156N, OECD, published monthly. Reported as published, without transformation; the publisher may revise it.
Min
-0.65
Max
10.80
Average
5.35
10Y Percentile
98%
3M Change
+2.1%
Germany 10-Year Government Bond Yield (IRLTLT01DEM156N) — 842 observations from 1956-05-01 to 2026-06-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare Germany 10-Year Government Bond Yield with other indicators →
Macro Regime Context
The financial-conditions regime is currently neutral (63% confidence).
See what this means across all four regime dimensions →3-Month
+2.1%
6-Month
+5.5%
12-Month
+17.9%
What this means
Germany 10-Year Government Bond Yield is currently at 2.97 percent, which is well above its 10-year historical average. The trend is increasing (+2.1% over the past 3 months).
Over the past 6 months the change is +5.5%, and over 12 months it is +17.9%. The short-term pace is consistent with the longer trend.
Frequently Asked Questions
What is the German 10-year Bund yield?
The Bund yield is the annual return on a 10-year German federal government bond. Because Germany is the euro area's largest economy and most creditworthy sovereign, the Bund serves as the benchmark risk-free rate for the entire euro area, much as the 10-Year Treasury does for the US.
Why does the Bund yield matter for US investors?
The gap between the US 10-Year Treasury yield and the Bund yield reflects diverging growth, inflation, and policy expectations across the Atlantic. Historically, that spread has moved with the EUR/USD exchange rate and with relative demand for US versus European bonds.
How often is this series updated?
This series is a monthly average of daily Bund yields, compiled in the OECD Main Economic Indicators and sourced here from FRED. This page updates with each new monthly value.
Cite this page
MacroRadar, "Germany 10-Year Government Bond Yield," https://www.macroradar.io/germany-10-year-yield (as of June 2026).