FX.co ★ German 12-Month Bubill Yield Eases to 2.949%, Extending Downward Move

The yield on Germany’s 12-month Bubill declined to 2.949%, down from the previous auction level of 3.065%, according to data updated on 12 October 2026. This marks a further easing in short-term German government funding costs compared with the prior reading.

The move lower in the 12-month Bubill yield suggests a modest softening in short-term borrowing rates for the German government, with investors accepting slightly lower returns than at the previous auction. The shift from 3.065% to 2.949% keeps German one-year paper below the 3% threshold, which may be monitored by market participants as they assess expectations for monetary policy and short-term funding conditions in the euro area.