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Germany EUR

Germany 7-Year Bund Auction

Impact:
Low
Source: Department of Treasury

Latest Release:

Date:
Actual:
2.05%
Forecast:
Previous/Revision:
2.43%
Period:
What Does It Measure?
The Germany 7-Year Bund Auction measures the demand for a specific government bond issued by Germany, focusing on how much capital investors are willing to provide to the government in exchange for bond securities with a maturity of seven years. This auction assesses investor sentiment regarding the country’s fiscal health and economic outlook, key indicators in the bond market that influence interest rates and government borrowing costs.
Frequency
The results of the Germany 7-Year Bund Auction are released monthly, typically on the first Wednesday of the month, providing both a preliminary estimate shortly after the auction and a final report that may include revisions later.
Why Do Traders Care?
Traders pay attention to the Bund Auction results as they provide insight into the health of the German economy and influence market dynamics; strong demand often signals confidence in the economy, impacting the Euro and leading to potential shifts in equities and bond prices. Declines in auction demand may indicate increased risk or lower confidence, thus affecting investor behavior across various asset classes.
What Is It Derived From?
The auction results are derived from competitive bids submitted by institutional and retail investors, such as banks, funds, and individual investors, with the amount of bonds available being predetermined by the German government. The calculation is based on the total volume of bids and the accepted yields, with successful bids typically being allocated on the basis of their yield, reflecting market sentiment and pricing.
Description
The Germany 7-Year Bund Auction results inform on the government’s borrowing ability and investor confidence over this medium-term horizon, providing an index of demand through the acceptance rate of bids. Financial markets often react strongly to the yields and coverage ratios announced in these auctions, as they can signal changes in monetary policy direction or economic expectations.
Additional Notes
This auction serves as a coincident economic measure, directly reflecting current market sentiment towards German debt compared to other indicators like GDP growth or inflation rates. It also contributes to broader discussions about European stability and economic health, often compared alongside similar bond auctions from other Eurozone countries.
Bullish or Bearish for Currency and Stocks
Higher than expected demand: Bullish for EUR, Bullish for Stocks. Lower than expected demand: Bearish for EUR, Bearish for Stocks.

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
Sep 25, 2024
2.05%
2.43%
Jul 31, 2024
2.43%
2.55%
Jun 05, 2024
2.55%
2.3%
Mar 27, 2024
2.3%
2.22%
Feb 07, 2024
2.22%
2.7%
Dec 06, 2023
 
  
Nov 01, 2023
2.7%
2.89%
Oct 04, 2023
2.89%
2.53%
Aug 23, 2023
2.53%
2.45%
Jul 26, 2023
2.45%
2.23%
May 31, 2023
2.23%
2.22%
May 03, 2023
2.22%
2.28%
Apr 05, 2023
2.28%
2.79%
Mar 08, 2023
2.79%
2.34%
Feb 08, 2023
2.34%
2.1%
Nov 30, 2021
-0.53%
-0.31%
Oct 26, 2021
-0.31%
-0.5%