Germany's 10-year Bund yield was little-changed at -0.4% during the third week of July, hovering around its lowest level since mid-February, as the European Central Bank pledged to keep inflation rates at record-low levels until inflation "durably" reaches 2% target. Also, the central bank retained the pace of asset purchases programme at €20 billion per month, reiterating that the PEPP envelope can be recalibrated if required. Elsewhere, a global rally in fixed-income prices continued, amid concerns about the economic impact of the Delta variant of COVID-19.
Historically, the Germany Government Bond 10Y reached an all time high of 10.80 in September of 1981. Germany Government Bond 10Y - data, forecasts, historical chart - was last updated on July of 2021.
The Germany Government Bond 10Y is expected to trade at 0.04 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 0.16 in 12 months time.