Weak demand at Germany's 30-year bond auction
Germany's Bund 30Y auction on 2026-11-11 showed weak demand: bid-to-cover 1.30x vs. a recent average of 2.15x. Bids totalled €1,398m for €1,500m on offer. Average yield 3.660%, vs. 3.670% at the previous 30-year auction on 2026-11-04.
Germany 30Y bid-to-cover, recent auctions, 11 Nov 2026
1.30x
Recent readings
| Date | Reading | Vs. previous |
| Nov 11, 2026 | 1.30x | ▼ -43.5% |
| Nov 4, 2026 | 2.30x | ▲ +43.8% |
| Oct 20, 2026 | 1.60x | ▲ +14.3% |
| Oct 14, 2026 | 1.40x | ▼ -12.5% |
| Sep 23, 2026 | 1.60x | ▼ -33.3% |
| Sep 16, 2026 | 2.40x | — |
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.
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