The yield on the 10-year German Bund rose to 2.6%, the highest since late November, following a surge in US bond yields after recent GDP data reinforced the view that the Fed will need to wait longer with interest rate cuts. On one hand, US economy grew much less than expected in Q1 but on the other inflationary pressures remained elevated. Still, in Europe, investors expect three ECB rate cuts this year with the first cut potentially delivered as soon as June as inflation is slowing down and economic activity is improving. Eurozone business activity grew in April by the most in nearly a year, driven by a surge in service sector output. In particular, services in Germany, Europe's largest economy, expanded for the first time in 10 months, although the manufacturing sector remained deeply in contraction territory.
Germany 10Y Bond Yield was 2.60 percent on Friday April 26, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Germany 10 Year Bund Government Bond Yield reached an all time high of 9.13 in September of 1990. Germany 10 Year Bund Government Bond Yield - data, forecasts, historical chart - was last updated on April 26 of 2024.
Germany 10Y Bond Yield was 2.60 percent on Friday April 26, according to over-the-counter interbank yield quotes for this government bond maturity. The Germany 10 Year Bund Government Bond Yield is expected to trade at 2.23 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 2.03 in 12 months time.