Auction conducted by: Deutsche Finanzagentur (German Federal Finance Agency)
Settlement date: 20 March 2026
| Parameter | Value |
|---|---|
| Issue Volume | €3,500 million |
| Issue Price | 99.34% |
| Yield (Actual) | 3.45% |
| Yield (Previous Auction) | 3.47% |
| Coupon Rate | 3.25% |
| Maturity Date | 15 August 2056 |
| Bid-to-Cover Ratio | 2.15 |
| Weighted Average Yield | 3.46% |
The auction of the 30-year Federal Bond was conducted on 18 March 2026 at 10:30 UTC. The auction resulted in a successful placement of €3,500 million of the 3.25% Federal Bond maturing on 15 August 2056.
The yield of 3.45% at the auction represents a decrease of 2 basis points compared to the previous auction held on 17 March 2026, which cleared at 3.47%. This modest tightening reflects steady demand for long-term German government securities, despite ongoing volatility in global bond markets.
The auction was well-received, with a bid-to-cover ratio of 2.15x, indicating solid investor interest across domestic, European, and international accounts. The weighted average yield of 3.46% was just above the auction yield, suggesting competitive bidding throughout the price discovery process.
The 30-year Bund continues to serve as a key benchmark for eurozone long-term sovereign borrowing costs. The decline in yield from the previous auction reflects the current positioning of major central bank policies and the relative attractiveness of German long-duration debt amid broader European fiscal considerations.
Settlement Date: 20 March 2026
ISIN: DE0001102374
WKN: 110237
| Date | Yield (%) | Volume (€m) | Bid-to-Cover |
|---|---|---|---|
| 18 March 2026 | 3.45 | 3,500 | 2.15 |
| 17 March 2026 | 3.47 | 3,500 | 2.08 |
| 04 February 2026 | 3.52 | 3,000 | 2.10 |
| 06 January 2026 | 3.58 | 3,500 | 2.04 |
The 30-year Bundesanleihe (Federal Bond) is one of the longest-dated securities issued by the German Federal Government. It is regularly auctioned to finance government operations and meet medium to long-term debt management objectives. The 30-year maturity makes it a critical reference point for European pension funds, insurance companies, and asset managers seeking long-duration fixed income exposure.