Integrated Interim Report 2019 – Germany needs a strong rail system

Business performance

Interest rates fell slightly

German bunds (ten-year)



Change in
(percentage points)

Average yield




Highest yield




Lowest yield




Year-end yield




Source: Thomson Reuters

In the first half of 2019, yields fell in the euro area and continued their downward trend. The interest rates of ten-year Federal bonds (bunds) were negative for the first time since October 2016. By the end of the first half of 2019, the yield had an absolute minus record.