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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany 30-Year Bund/g Auction fell to 2.41% in August 2024
FMPMonthlyReleased September 2024
Germany 30-Year Bund/g Auction fell to 2.41% in August 2024, released September 2024, down 0.01% from July's 2.42% reading.
Latest Release
2.410000
Actual
—
Consensus
2.420000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DE | → View |
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/CHF | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
30-Year Bund/g Auction (Germany) was reported at 2.41% in August 2024. The reading fell from the previous value of 2.42%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DE). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 29) and Unemployed Persons (May 29).
Auto-generated from current model state · Refreshes on each release · Last update September 2024.
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30-Year Bund/g Auction - DE
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About 30-Year Bund/g Auction — Germany
DEFINITION
The 30-Year Bund/g Auction is a financial indicator that measures the demand and interest rates for long-term government bonds issued by the German government. This auction provides insight into the current state of the German economy and investor confidence in the country's financial stability. It is closely monitored by financial institutions and investors as a key indicator of market sentiment and potential future economic trends.
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 (Sep 2024): actual 2.41 %. Prior reading (Jan 2024): 2.47 %. Before that (Oct 2023): 3.04 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.