Germany’s 10-year Bund yield slipped to around 2.82% after the European Central Bank kept interest rates unchanged at its first policy meeting of 2026, as widely expected, and reaffirmed that inflation should converge toward its 2% target over the medium term. The ECB said the euro area economy remains resilient, but warned that the outlook is clouded by global trade policy uncertainty and ongoing geopolitical tensions. At the ECB press conference, President Lagarde reiterated that both the central bank and the euro area inflation outlook are in a “good place,” while cautioning that inflation readings may fluctuate in the months ahead and stressing that policy decisions should not hinge on any single data release. Earlier, Eurostat data showed headline inflation slowed to 1.7% year on year in January, matching expectations and marking the lowest reading since September 2024, while core inflation eased to 2.2%, slightly below forecasts and its weakest level since October 2021.

The yield on Germany 10Y Bond Yield held steady at 2.84% on February 6, 2026. Over the past month, the yield has edged up by 0.03 points and is 0.46 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Germany 10-Year Bond Yield reached an all time high of 9.13 in September of 1990. Germany 10-Year Bond Yield - data, forecasts, historical chart - was last updated on February 8 of 2026.

The yield on Germany 10Y Bond Yield held steady at 2.84% on February 6, 2026. Over the past month, the yield has edged up by 0.03 points and is 0.46 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Germany 10-Year Bond Yield is expected to trade at 2.82 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.64 in 12 months time.



Bonds Yield Day Month Year Date
Germany 10Y 2.85 0.004% 0.040% 0.471% Feb/06
Germany 3M 1.96 0% -0.003% -0.493% Feb/06
Germany 6M 2.02 -0.0004% 0.004% -0.217% Feb/06
Germany 52W 1.99 0.016% -0.019% -0.048% Feb/06
Germany 2Y 2.07 -0.001% -0.019% 0.019% Feb/06
Germany 3Y 2.12 0.001% -0.022% 0.112% Feb/06
Germany 5Y 2.42 0.0004% 0.028% 0.260% Feb/06
Germany 7Y 2.58 0.002% 0.034% 0.378% Feb/06
Germany 30Y 3.52 0.012% 0.070% 0.895% Feb/06
Germany 15Y 3.23 0.009% 0.030% 0.616% Feb/06



Related Last Previous Unit Reference
Germany Inflation Rate 2.10 1.80 percent Jan 2026
Germany Interest Rate 2.15 2.15 percent Feb 2026
Germany Unemployment Rate 6.30 6.30 percent Jan 2026

Germany 10-Year Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
2.84 2.84 9.13 -0.91 1983 - 2026 percent Daily

News Stream
German Bund Yield Eases as ECB Holds Rates
Germany’s 10-year Bund yield slipped to around 2.82% after the European Central Bank kept interest rates unchanged at its first policy meeting of 2026, as widely expected, and reaffirmed that inflation should converge toward its 2% target over the medium term. The ECB said the euro area economy remains resilient, but warned that the outlook is clouded by global trade policy uncertainty and ongoing geopolitical tensions. At the ECB press conference, President Lagarde reiterated that both the central bank and the euro area inflation outlook are in a “good place,” while cautioning that inflation readings may fluctuate in the months ahead and stressing that policy decisions should not hinge on any single data release. Earlier, Eurostat data showed headline inflation slowed to 1.7% year on year in January, matching expectations and marking the lowest reading since September 2024, while core inflation eased to 2.2%, slightly below forecasts and its weakest level since October 2021.
2026-02-05
Bund Yields Little-Changed Ahead of ECB Decision
Germany’s 10-year Bund yield was little changed at 2.87%, hovering near the March 2025 peak just above 2.9%, as investors awaited the ECB’s policy decision later today and digested prospects of heavy debt issuance. Germany plans to raise a record €512 billion this year to finance infrastructure upgrades and increased defense spending. The ECB is widely expected to leave interest rates unchanged for a fifth straight meeting, with policymakers likely focusing on the deflationary effects of a stronger euro and low-priced Chinese imports. ECB President Christine Lagarde is expected to reiterate that policy remains in a “good place,” with markets pricing in steady rates through 2026. Recent data showed eurozone inflation cooled sharply in January, with headline CPI easing to 1.7%, the lowest since September 2024, and core inflation unexpectedly falling to 2.2%, its lowest level since October 2021.
2026-02-05
German Bund Yield Eases as Eurozone Inflation Cools
Germany’s 10-year Bund yield dipped to 2.87% as investors absorbed signs of slowing inflation across the eurozone. January’s CPI eased to 1.7%, well below the ECB’s target, while core inflation unexpectedly fell to 2.2%, its lowest level since October 2021, raising concerns among policymakers about the euro’s rapid appreciation and the potential resumption of rate cuts paused in June. The ECB is set to announce policy on Thursday, widely expected to keep rates on hold for a fifth consecutive meeting, with officials likely to assess the deflationary impact of a stronger euro. ECB President Christine Lagarde is expected to reiterate that policy remains in a “good place,” with markets pricing in steady rates through 2026. Despite the recent dip, Bund yields remain near the March 2025 peak just above 2.9%, supported by a surge in debt issuance as Germany plans to raise a record €512 billion this year to fund infrastructure projects and boost defense spending.
2026-02-04