Germany’s 10-year Bund yield rebounded to 2.8% after briefly hitting a four-week low of 2.793%, as investors scaled back expectations for Federal Reserve rate cuts following stronger-than-expected US employment data. US payrolls rose by 130,000 in January, the largest gain in over a year, while the unemployment rate unexpectedly fell to 4.3%, pointing to continued labor market resilience at the start of 2026. Markets now fully price in a Fed rate cut by July instead of June, with the probability of a March move seen below 5%. In Europe, investors also assessed signals that the European Central Bank remains largely comfortable with the euro’s recent appreciation, as well as reports that Bank of France Governor François Villeroy de Galhau, considered dovish, will step down earlier than planned. ECB President Christine Lagarde said last week that the inflation outlook remains in a “good place,” while downplaying concerns over the strength of the single currency.

The yield on Germany 10Y Bond Yield held steady at 2.79% on February 12, 2026. Over the past month, the yield has fallen by 0.02 points, though it remains 0.38 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 12 of 2026.

The yield on Germany 10Y Bond Yield held steady at 2.79% on February 12, 2026. Over the past month, the yield has fallen by 0.02 points, though it remains 0.38 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 2.80 -0.0001% -0.018% 0.377% Feb/12
Germany 3M 1.92 -0.034% -0.021% -0.476% Feb/12
Germany 6M 1.99 -0.019% 0.008% -0.236% Feb/12
Germany 52W 2.00 0.004% 0.007% -0.042% Feb/12
Germany 2Y 2.05 0.002% -0.044% -0.029% Feb/12
Germany 3Y 2.09 0.003% -0.060% 0.049% Feb/12
Germany 5Y 2.38 0.001% -0.018% 0.177% Feb/12
Germany 7Y 2.54 0.0001% -0.016% 0.289% Feb/12
Germany 30Y 3.47 -0.001% 0.008% 0.792% Feb/12
Germany 15Y 3.18 -0.003% -0.032% 0.520% Feb/12



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
2.79 2.80 9.13 -0.91 1983 - 2026 percent Daily

News Stream
German 10-Year Yield Rebounds as Strong US Jobs Data Curb Fed Cut Bets
Germany’s 10-year Bund yield rebounded to 2.8% after briefly hitting a four-week low of 2.793%, as investors scaled back expectations for Federal Reserve rate cuts following stronger-than-expected US employment data. US payrolls rose by 130,000 in January, the largest gain in over a year, while the unemployment rate unexpectedly fell to 4.3%, pointing to continued labor market resilience at the start of 2026. Markets now fully price in a Fed rate cut by July instead of June, with the probability of a March move seen below 5%. In Europe, investors also assessed signals that the European Central Bank remains largely comfortable with the euro’s recent appreciation, as well as reports that Bank of France Governor François Villeroy de Galhau, considered dovish, will step down earlier than planned. ECB President Christine Lagarde said last week that the inflation outlook remains in a “good place,” while downplaying concerns over the strength of the single currency.
2026-02-11
German 10-Year Yield Slips to Four-Week Low
Germany’s 10-year Bund yield fell below the 2.8% mark, hitting its lowest level since January 14, as investors awaited the delayed US jobs report for fresh signals on the Federal Reserve’s policy path. The employment data is expected to show a modest rebound in job growth in January, aided by fewer layoffs in some seasonal sectors. However, uncertainty persists after several US officials, including White House economic adviser Kevin Hassett, cautioned that hiring could weaken in the months ahead. In Europe, markets also digested indications that the European Central Bank is largely unconcerned about the euro’s recent appreciation, alongside reports that Bank of France Governor François Villeroy de Galhau, viewed as a policy dove, will step down earlier than previously expected. ECB President Christine Lagarde struck a balanced tone last week, saying the euro area’s inflation outlook remains in a “good place” while playing down concerns over the single currency’s strength.
2026-02-11
Germany 10Y Bond Yield Hits 4-week Low
Germany 10 Year Government Bond Yield decreased to 2.80%, the lowest since January 2026. Over the past 4 weeks, Germany 10Y Bond Yield gained 0.34 basis points, and in the last 12 months, it increased 37.78 basis points.
2026-02-11