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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany 5-Year Bobl/g Auction climbed to 2.92% in February 2024
FMPMonthlyReleased March 2024
Germany 5-Year Bobl/g Auction climbed to 2.92% in February 2024, released March 2024, up 0.26% from January's 2.66% reading.
Latest Release
2.920000
Actual
—
Consensus
2.660000
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
5-Year Bobl/g Auction (Germany) was reported at 2.92% in February 2024. The reading rose from the previous value of 2.66%.
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 March 2024.
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5-Year Bobl/g Auction - DE
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About 5-Year Bobl/g Auction — Germany
DEFINITION
The 5-Year Bobl/g Auction is a financial indicator that measures the demand and interest rates for German government bonds with a maturity of 5 years. This auction is conducted by the German Federal Government and provides valuable insights into the current market sentiment and investor confidence in the country's economy. It is closely monitored by financial institutions and investors as it can impact the overall bond market and serve as an indicator of the country's economic stability.
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 (Mar 2024): actual 2.92 %. Prior reading (Jan 2024): 2.21 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.