German Bundesbank (latest release)
Measures Average yield on a 30-year bond the government sold at auction, and the bid-to-cover ratio of the auction;
Usual Effect No consistent effect - there are both risk and growth implications;
Frequency Variable, about 3 times per year;
Next Release May 27, 2015
FF Notes Auction results are reported in an 'X.XX|X.X' format - the first number is the average interest rate of the bonds sold, and the second number is the bid-to-cover ratio (number of bids made per bid accepted). Source does not give an exact release time - this event will be listed as 'Tentative' until the data is released;
Why Traders
Care Yields are set by bond market investors, and therefore they can be used to decipher investors' outlook on future interest rates. The bid-to-cover ratio represents bond market liquidity and demand, which can be used to gauge investor confidence;