2.10 % Federal Treasury note 2026
ISIN
DE000BU22122
WKN
BU2212
Type
Federal Treasury note
Price (31.03.2026)
99.015
+0.10%
Yield (31.03.2026)
2.62%
-0.05 PP
Issuance data
| Issuer | Federal Republic of Germany |
|---|---|
| Maturity segment | 2 years |
| Issuance volume | 22,000,000,000 € |
| Issuance currency | € |
| Issuance date | 27.01.2026 |
| Maturity | 15.03.2028 |
| Smallest tradable unit | 0.01 € |
| Stock-market listing | yes |
| Eligibility for security | gilt-edged |
| Terms of issue | Download (PDF) |
Coupon data
| Coupon in % | 2.10 |
|---|---|
| Payable | annually |
| Interest calculated from | 29. Januar 2026 |
| First interest payment | 15. März 2027 |
| Interest calculation | actual/actual (ICMA) |
| Date | Type | Lowest accepted price | Average price | Average yield | Bid/Cover ratio |
|---|---|---|---|---|---|
| 27.01.2026 | New Issue | 99.925 | 99.925 | 2.14% | 2.1 |
| 17.02.2026 | Reopening | 100.15 | 100.152 | 2.02% | 1.8 |
| 10.03.2026 | Reopening | 99.67 | 99.674 | 2.27% | 1.6 |
| 31.03.2026 | Reopening | 99.005 | 99.014 | 2.62% | 1.5 |
| Date | Type | Volume | Bids | Competitive bids | Non-competitive bids | Allotted volume | Retention quote |
|---|---|---|---|---|---|---|---|
| 27.01.2026 | New Issue | 6,000 € mn | 9,777 € mn | 4,060 € mn | 5,717 € mn | 4,632.65 € mn | 1,367.35 € mn |
| 17.02.2026 | Reopening | 6,000 € mn | 8,147 € mn | 3,935 € mn | 4,212 € mn | 4,590.24 € mn | 1,409.76 € mn |
| 10.03.2026 | Reopening | 5,000 € mn | 6,214 € mn | 2,310 € mn | 3,904 € mn | 3,871.08 € mn | 1,128.92 € mn |
| 31.03.2026 | Reopening | 5,000 € mn | 5,735 € mn | 2,800 € mn | 2,935 € mn | 3,811 € mn | 1,189 € mn |