Germany EUR

Germany 10-Year Bund Auction

Impact:
Low

Latest Release:

Date:
Actual:
2.66%
Forecast:
Previous/Revision:
2.47%
Period:

Next Release:

Date:
Period:
What Does It Measure?
The Germany 10-Year Bund Auction measures the government’s ability to raise funds through the issuance of 10-year bonds, focusing on investor demand and the cost of borrowing for the German government. Key indicators include the bid-to-cover ratio, which indicates demand relative to the amount offered, and the yield, representing the interest rate investors require to lend their money.
Frequency
This event is typically conducted on a monthly basis, with preliminary results released shortly after the auction, followed by final figures usually disclosed a few days later.
Why Do Traders Care?
Traders monitor the Bund Auction as it provides insights into market confidence and prevailing interest rates, influencing the performance of the euro and German equities. Strong investor demand can signal economic stability, positively affecting stocks and the euro, while weak demand may lead to bearish trends.
What Is It Derived From?
The auction results are derived from competitive bids submitted by financial institutions, where the government sets the terms and conditions for the bond issuance. The final yield is determined based on the accepted bids, reflecting market sentiment and economic outlook.
Description
The results of the Germany 10-Year Bund Auction are presented both in preliminary and final formats, with preliminary figures being early estimates subject to revision, while final figures provide a more accurate overview. Month-over-Month (MoM) comparisons are less relevant; instead, the focus is on the specific auction results, which capture immediate market reactions and investor sentiment.
Additional Notes
The Bund Auction is a key indicator and serves as a coincident economic measure, reflecting current market conditions rather than predicting future trends. It is often looked at in relation to similar bond auctions in other Eurozone countries, allowing for comparisons of investment attractiveness and economic health across the region.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.66%
2.47%
2.47%
2.68%
2.68%
2.92%
2.92%
2.52%
2.52%
2.54%
2.54%
2.51%
2.51%
2.07%
2.07%
2.38%
2.38%
2.31%
2.31%
2.08%
2.08%
2.11%
2.11%
2.22%
2.22%
2.43%
2.43%
2.63%
2.63%
2.6%
2.6%
2.53%
2.53%
2.54%
2.54%
2.38%
2.38%
2.31%
2.31%
2.38%
2.38%
2.23%
2.23%
2.19%
2.19%
2.45%
2.45%
2.64%
2.64%
2.9%
2.9%
2.78%
2.78%
2.63%
2.63%
2.46%
2.46%
2.64%
2.64%
2.43%
2.43%
2.31%
2.31%
2.51%
2.51%
2.32%
2.32%
2.56%
2.56%
2.27%
2.27%
2.25%
2.25%
1.95%
1.95%
2.25%
2.25%
2.33%
2.33%
1.87%
1.87%
1.33%
1.33%
0.94%
0.94%
1.22%
1.22%
1.33%
1.33%
0.96%
0.96%
0.83%
0.83%
0.38%
0.38%
0.31%
0.31%
-0.08%
-0.08%
-0.09%
-0.09%
-0.38%
-0.38%
-0.29%
-0.29%
-0.16%
-0.16%
-0.22%
-0.22%
-0.38%
-0.38%
-0.44%
-0.44%
-0.3%
-0.3%
-0.19%
-0.19%
-0.09%
-0.09%
-0.25%
-0.25%
-0.36%
-0.36%
-0.32%
-0.32%
-0.54%
-0.54%
-0.52%
-0.52%
-0.57%
-0.57%
-0.51%
-0.51%
-0.5%
-0.5%
-0.46%
-0.46%
-0.46%
-0.46%
-0.38%
-0.38%
-0.47%
-0.47%
-0.48%
-0.48%
-0.34%
-0.34%
-0.77%
-0.77%
-0.38%
-0.38%
-0.25%
-0.25%
-0.33%
-0.33%
-0.29%
-0.29%
-0.41%
-0.41%
-0.61%
-0.61%
-0.7%
-0.7%
-0.41%
-0.41%
-0.26%
-0.26%
-0.24%
-0.24%
-0.07%
-0.07%
0.02%
0.02%
-0.05%
-0.05%
0.12%
0.12%
0.2%
0.2%
0.29%
0.29%
0.34%
0.34%
0.42%
0.42%
0.55%
0.55%
0.49%
0.49%
0.33%
0.33%
0.47%
0.47%
0.36%
0.36%
0.48%
0.48%
0.62%
0.62%
0.51%
0.51%
0.6%
0.6%
0.67%
0.67%
0.69%
0.69%
0.54%
0.54%
0.3%
0.3%
0.36%
0.36%
0.48%
0.48%
0.44%
0.44%
0.39%
0.39%
0.41%
0.41%
0.49%
0.49%
0.59%
0.59%
0.26%
0.26%
0.39%
0.39%
0.33%
0.33%
0.21%
0.21%
0.41%
0.41%
0.25%
0.25%
0.33%
0.33%
0.36%
0.36%
0.21%
0.21%
0.12%
0.12%
-0.03%
-0.03%
-0.11%
-0.11%
-0.09%
-0.09%
-0.05%
-0.05%
0.01%
0.01%
0.14%
0.14%
0.15%
0.15%
0.3%
0.3%
0.26%
0.26%
0.59%
0.59%
0.49%
0.49%
0.44%
0.44%
0.62%
0.62%
0.69%
0.69%
0.61%
0.61%
0.88%
0.88%
0.81%
0.81%
0.65%
0.65%
0.13%