UK Gilts vs German Bunds
Redação Financial World News · Explicação educativa · Como obtemos os rendimentos
Sterling versus euro core. BoE versus ECB. UK long-end pension demand versus bund scarcity episodes.
O briefing completo deste guia está em inglês. O título, o resumo e a navegação estão no seu idioma para decidir se continua a ler.
UK Gilts vs German Bunds — the mechanics
Unhedged, this is a GBP/EUR view. Hedged, you compare two high-grade curves after cross-currency basis. Either way, stamp the date on yields.
GBP versus EUR, BoE versus ECB, DMO versus Finanzagentur. Both high grade. The yield gap is mostly currency and local inflation, not a vote on which government is ‘better’.
UK ultra-longs are an LDI product. German 30-years are a smaller, different ecosystem. Matching a UK pension with bunds adds FX unless hedged.
Look at both 10-year dates on the live board. Then look at EURGBP. That is the comparison.
Dated yields for this comparisons topic
The live board on this site prints official or exchange 10-year rates with the observation date on each card (Bank of England IUDMNZC, ECB Maastricht series, CBOE/Yahoo Treasury yields). Individual ISIN prices are estimated from those moves — not a dealer quote.
Illustrative round-number snapshot for education. Figures are not a live market feed. Confirm with the UK DMO, TreasuryDirect, Bundesrepublik Deutschland Finanzagentur, Italian MEF, Agence France Trésor or Swiss Confederation before acting.
UK Gilts: UK Treasury 4.25% 2034 yield 5.25%, estimated price 93.7, duration 6.4y, maturity 2034-03-07.
US Treasuries: US Treasury 10-year Note yield 4.97%, estimated price 91.9, duration 8.2y, maturity 2036-08-15.
German Bunds: German Bund 10-year yield 3.19%, estimated price 94.1, duration 8.6y, maturity 2036-08-15.
Italian BTPs: BTP 10-year yield 3.99%, estimated price 96.1, duration 8.1y, maturity 2036-03-01.
French OATs: French OAT 10-year yield 4.00%, estimated price 89.8, duration 8.3y, maturity 2036-05-25.
Swiss Confederation: Swiss Confederation 10-year yield 0.42%, estimated price 100.7, duration 9.4y, maturity 2036-06-28.
If a number here disagrees with your broker, trust the broker to trade. Use this page to understand the contract, then confirm the screen.
Official sources (Comparisons)
Primary statistics and prospectuses for Comparisons are published by the issuer, not by this newsroom. The labelled links at the end of this page go to those official sites (DMO, TreasuryDirect, Finanzagentur, MEF, AFT, SNB or ECB as relevant).
Our live board is a teaching overlay: dated prints, named sources, estimated ISIN lines. It is not a replacement for the issuer’s calendar.
Pontos essenciais
- GBP versus EUR, BoE versus ECB, DMO versus Finanzagentur.
- Any market figure belongs next to a date and a named source (BoE, ECB, CBOE/Yahoo). If those disagree with your broker, the broker wins for trading.
- Credit of a G7 government in its own currency is not the same as a stable screen price, and not the same as a bank deposit.
FAQ
- Why might gilts yield more than bunds?
- Inflation history, fiscal news, supply, and sterling risk premia. The gap is not a constant.