2.90 % Federal bond 2026 (2036)
ISIN
DE000BU2Z064
WKN
BU2Z06
Type
10-year Federal bond
Price (19.03.2026)
99.38
-0.76%
Yield (19.03.2026)
2.97%
+0.09 PP
Issuance data
| Issuer | Federal Republic of Germany |
|---|---|
| Maturity segment | 10 years |
| Issuance volume | 22,500,000,000 € |
| Issuance currency | € |
| Issuance date | 07.01.2026 |
| Maturity | 15.02.2036 |
| Smallest tradable unit | 0.01 € |
| Stock-market listing | yes |
| Eligibility for security | gilt-edged |
| Terms of issue | Download (PDF) |
Coupon data
| Coupon in % | 2.90 |
|---|---|
| Payable | annually |
| Interest calculated from | 09. January 2026 |
| First interest payment | 15. February 2027 |
| Interest calculation | actual/actual (ICMA) |
| Date | Type | Volume | Maturity segment |
|---|---|---|---|
| 08.04.2026 | Reopening | 5,000 € mn | 10 years |
| 29.04.2026 | Reopening | 5,000 € mn | 10 years |
| 20.05.2026 | Reopening | 5,000 € mn | 10 years |
| 10.06.2026 | Reopening | 5,000 € mn | 10 years |
| Date | Type | Lowest accepted price | Average price | Average yield | Bid/Cover ratio |
|---|---|---|---|---|---|
| 07.01.2026 | New Issue | 100.58 | 100.60 | 2.83% | 1.3 |
| 28.01.2026 | Reopening | 100.43 | 100.44 | 2.85% | 1.7 |
| 18.02.2026 | Reopening | 101.43 | 101.44 | 2.73% | 1.5 |
| 11.03.2026 | Reopening | 100.02 | 100.05 | 2.89% | 1.2 |
| Date | Type | Volume | Bids | Competitive bids | Non-competitive bids | Allotted volume | Retention quote |
|---|---|---|---|---|---|---|---|
| 07.01.2026 | New Issue | 6,000 € mn | 5,875 € mn | 1,885 € mn | 3,990 € mn | 4,542.1 € mn | 1,457.9 € mn |
| 28.01.2026 | Reopening | 6,000 € mn | 7,606 € mn | 3,851 € mn | 3,755 € mn | 4,604.4 € mn | 1,395.6 € mn |
| 18.02.2026 | Reopening | 5,500 € mn | 6,197 € mn | 2,898 € mn | 3,299 € mn | 4,238.07 € mn | 1,261.93 € mn |
| 11.03.2026 | Reopening | 5,000 € mn | 4,511 € mn | 1,960 € mn | 2,551 € mn | 3,811 € mn | 1,189 € mn |