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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany 2-Year Schatz Auction climbed to 2.77% in June 2026
FMPMonthlyReleased July 2026
Germany 2-Year Schatz Auction climbed to 2.77% in June 2026, released July 2026, up 0.2% from May's 2.57% reading.
Latest Release
2.770000
Actual
—
Consensus
2.570000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.53 | CRYPTO | Moves with | → View |
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.37 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.31 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year Schatz Auction (Germany) was reported at 2.77% in July 2026. The reading rose from the previous value of 2.57%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 2.24%, ranging from 1.9% to 2.77% across 15 releases.
WHY IT MATTERS
The trailing three releases averaged 2.64%, up from the prior three at 2.53%. Volatility over the past year (σ 0.31%) is higher than the prior year (σ 0.2%). In July readings over the past 3 years, 2-Year Schatz Auction has averaged 2.46%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
WHAT TO WATCH NEXT
The next release is scheduled for August 4, 2026. Same-country events in the next 14 days include Retail Sales MoM (Aug 3) and Retail Sales YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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2-Year Schatz Auction - DE
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About 2-Year Schatz Auction — Germany
DEFINITION
The 2-Year Schatz Auction is a financial indicator that measures the interest rate at which the German government borrows money for a period of two years. This auction is closely monitored by investors and analysts as it provides insight into the current state of the German economy and the government's borrowing costs. The results of the auction can also impact the overall market sentiment and influence interest rates in the broader financial market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 2.77 %. Prior reading (Jun 2026): 2.57 %. Before that (Jun 2026): 2.59 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.53) — a useful reference for crypto-focused traders.
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Economic Calendar - DE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.4 | 0.1 | 0.15 | High |
| 08:00 | DE | GDP Growth Rate YoY | 0.9 | 0.7 | 0.6 | 0.75 | High |
| 08:00 | DE | Gross Domestic Product QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 08:00 | DE | Gross Domestic Product YoY | 0.9 | 0.4 | 0.6 | 0.75 | Medium |
| 12:00 | DE | Inflation Rate YoY | 2.8 | 2.3 | 2.7 | 2.75 | High |
| 12:00 | DE | Harmonised Inflation Rate YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Harmonised Inflation Rate MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Inflation Rate MoM | 0.8 | -0.3 | 0.7 | 0.75 | Medium |
| 12:00 | DE | CPI YoY | 2.8 | 2.3 | 2.7 | 2.75 | Medium |
| 12:00 | DE | CPI MoM | 0.8 | -0.3 | 0.7 | 0.75 | High |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:55 | DE | Unemployment Rate | 6.4 | 6.3 | 6.3 | 6.35 | Medium |
| 07:55 | DE | Employment Change | 6 | -1 | 5 | 5.50 | Medium |
| 07:55 | DE | Unemployed Persons | 2.993 | 2.987 | 2.989 | 2.99 | Medium |