Germany's 10-year Bund yield dropped below -0.4% at the end of July, touching its lowest level since mid-February, amid expectations of continued massive bond buying by the European Central Bank. The central bank pledged last week to keep inflation rates at record-low levels until inflation "durably" reaches 2% target, and retained the pace of asset purchases programme at €20 billion per month, reiterating that the PEPP envelope can be recalibrated if required.
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 0.19 in 12 months time.