Germany EUR

Germany 5-Year Bobl Auction

Impact:
Low

Latest Release:

Actual:
2.06%
Forecast:
Previous/Revision:
2.44%
Period: Apr 2025

Next Release:

Forecast:
Period: May 2025
What Does It Measure?
The Germany 5-Year Bobl Auction measures the demand for German 5-year government bonds (Bobls), assessing investor appetite and economic confidence in Germany’s medium-term fiscal outlook. This national indicator includes key metrics such as the bid-to-cover ratio, yield rates, and the amount of bonds sold, providing insight into bond market dynamics and broader economic sentiment.
Frequency
The event occurs monthly, with auctions typically scheduled during the first or second week of each month.
Why Do Traders Care?
Traders pay attention to the Germany 5-Year Bobl Auction because its results directly impact the pricing of bonds and yield curves, influencing fixed-income markets and the borrowing costs of the German government. Higher-than-expected demand can be bullish for the euro and bond prices, while weak demand may be bearish, affecting currency values and signaling shifts in investor confidence.
What Is It Derived From?
The auction's results are derived from competitive bids submitted by institutions such as banks and investment funds. Metrics like the bid-to-cover ratio, which compares the number of bids received to the number of bonds offered, and the yield rate, reflecting investor risk assessment, are calculated using standardized auction processes.
Description
The Germany 5-Year Bobl Auction provides preliminary and final reports of bond demand, with preliminary results offering quick insights but subject to subsequent revision. Preliminary results are pivotal as they offer immediate feedback on market sentiment and government credibility, while final data solidifies these findings. This event reports on a month-over-month basis due to its monthly occurrence, offering insights into short-term demand shifts and providing quick responses to changing economic conditions without waiting for quarterly or annual data.
Additional Notes
This auction serves as a leading economic indicator, giving an early signal of future interest rate trends and investor confidence in Germany's fiscal stability. The auction's outcomes often correlate with central bank policy expectations and broader European economic conditions.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. Hawkish tone: Signaling higher interest rates, is usually good for the EUR but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.06%
2.44%
2.44%
2.15%
2.15%
2.17%
2.17%
2.42%
2.42%
2.04%
2.04%
2.13%
2.13%
1.9%
1.9%
2.17%
2.17%
2.09%
2.09%
2.39%
2.39%
2.45%
2.45%
2.56%
2.56%
2.41%
2.41%
2.4%
2.4%
2.3%
2.3%
2.12%
2.12%
2.56%
2.56%
2.71%
2.71%
2.76%
2.76%
2.56%
2.56%
2.5%
2.5%
2.71%
2.71%
2.41%
2.41%
2.27%
2.27%
2.26%
2.26%
2.43%
2.43%
2.59%
2.59%
2.22%
2.22%
1.99%
1.99%
2.11%
2.11%
2.08%
2.08%
0.71%
0.71%
0.96%
0.96%
1.41%
1.41%
0.79%
0.79%
0.73%
0.73%
0.64%
0.64%
0.21%
0.21%
0.04%
0.04%
-0.29%
-0.29%
-0.58%
-0.58%
-0.5%
-0.5%
-0.54%
-0.54%
-0.69%
-0.69%
-0.76%
-0.76%
-0.59%
-0.59%
-0.57%
-0.57%
-0.61%
-0.61%
-0.66%
-0.66%
-0.62%
-0.62%
-0.69%
-0.69%
-0.7%
-0.7%
-0.72%
-0.72%
-0.85%
-0.85%
-0.73%
-0.73%
-0.69%
-0.69%
-0.72%
-0.72%
-0.66%
-0.66%
-0.62%
-0.62%
-0.74%
-0.74%
-0.66%
-0.66%
-0.69%
-0.69%
-0.59%
-0.59%
-0.6%
-0.6%
-0.58%
-0.58%
-0.77%
-0.77%
-0.88%
-0.88%
-0.79%
-0.79%
-0.66%
-0.66%
-0.56%
-0.56%
-0.46%
-0.46%
-0.41%
-0.41%
-0.32%
-0.32%
-0.36%
-0.36%
-0.29%
-0.29%
-0.22%
-0.22%
-0.18%
-0.18%
-0.04%
-0.04%
-0.18%
-0.18%
-0.18%
-0.18%
-0.19%
-0.19%
-0.04%
-0.04%
-0.1%
-0.1%
0.05%
0.05%
0.08%
0.08%
-0.39%
-0.39%
-0.26%
-0.26%
-0.36%
-0.36%
-0.26%
-0.26%
-0.14%
-0.14%
-0.46%
-0.46%
-0.31%
-0.31%
-0.45%
-0.45%
-0.45%
-0.45%
-0.28%
-0.28%
-0.47%
-0.47%
-0.46%
-0.46%
-0.51%
-0.51%
-0.51%
-0.51%
-0.51%
-0.51%
-0.38%
-0.38%
-0.33%
-0.33%
-0.34%
-0.34%
-0.36%
-0.36%
-0.24%
-0.24%
-0.08%
-0.08%
-0.03%
-0.03%
0.12%
0.12%
0.04%
0.04%
0.17%