Weak demand at Germany's 10-year bond auction
Germany's Bund 10Y auction on 2026-10-28 showed weak demand: bid-to-cover 1.10x vs. a recent average of 1.55x. Bids totalled €4,460m for €5,500m on offer. Average yield 3.370%, vs. 3.580% at the previous 10-year auction on 2026-09-30.
Germany 10Y bid-to-cover, recent auctions, 28 Oct 2026
1.10x
Recent readings
| Date | Reading | Vs. previous |
| Oct 28, 2026 | 1.10x | ▼ -8.3% |
| Sep 30, 2026 | 1.20x | ▼ -20.0% |
| Sep 9, 2026 | 1.50x | ▼ -40.0% |
| Sep 8, 2026 | 2.50x | ▲ +127.3% |
| Aug 19, 2026 | 1.10x | ▼ -42.1% |
| Aug 5, 2026 | 1.90x | — |
Why this matters
Every government that borrows has to find buyers at auction. When demand thins out - fewer bids, a wider tail, or the government keeping back part of the issue - it's an early sign investors want a higher return to keep lending to that country.
Get alerts like this by email.
Free, only when something actually moves. Unsubscribe at any time.
Sign up →




