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Sovereign debtIV Macro & Debt

Germany 30-year yield

30-year yield on German federal bonds.

3.66

yield % · 2 Nov

1D
−2 bp
30D
−16 bp
1Y
—

Last 12 months · markers link to event pages

3.633.723.813.903.9916/0928/0906/1015/1023/1002/1116 September 2026 — France–Germany 10-year yield spread widens to 95.6 basis points, its highest in a year124 September 2026 — German Ifo business climate rises to 89.9 in September, its highest since May 2023; the 10-year Bund yield hits 3.60%, the highest since 2009225 September 2026 — German consumer confidence falls to −30.6 for October, propensity to save at its highest since the 2008 crisis; 10-year Bund 3.61%, 30-year 3.91%327 October 2026 — Italy's risk premium drops to 112 basis points, undercutting France4
  1. 116/09 · France–Germany 10-year yield spread widens to 95.6 basis points, its highest in a year
  2. 224/09 · German Ifo business climate rises to 89.9 in September, its highest since May 2023; the 10-year Bund yield hits 3.60%, the highest since 2009
  3. 325/09 · German consumer confidence falls to −30.6 for October, propensity to save at its highest since the 2008 crisis; 10-year Bund 3.61%, 30-year 3.91%
  4. 427/10 · Italy's risk premium drops to 112 basis points, undercutting France

Why it matters

Debt-financed defence spending increases supply and feeds into the cost of capital for European industry.

Threshold · > 3.80

The threshold signals that fiscal space in the euro area is narrowing.

Near threshold · warning zone > 3.50

Last 30 observations
DateValuevs previous observation
2 November 20263.66−0.02
30 October 20263.68−0.03
29 October 20263.71+0.01
28 October 20263.70+0.01
27 October 20263.69+0.00
26 October 20263.69+0.00
23 October 20263.69+0.00
22 October 20263.68−0.08
21 October 20263.76+0.00
20 October 20263.76−0.07
19 October 20263.82+0.04
16 October 20263.79+0.02
15 October 20263.77−0.06
14 October 20263.83+0.02
13 October 20263.81−0.03
12 October 20263.84−0.02
9 October 20263.86−0.00
8 October 20263.86+0.00
7 October 20263.86+0.01
6 October 20263.85−0.01
5 October 20263.87+0.05
2 October 20263.82−0.08
1 October 20263.90−0.04
30 September 20263.94−0.01
29 September 20263.95−0.01
28 September 20263.96+0.05
25 September 20263.91+0.06
24 September 20263.850.00
23 September 20263.85+0.04
22 September 20263.81—