Maturity of government bonds in Germany in 2015 and 2020
For money market debt, the German government only offers one year treasury notes (called 'Bubils' in German), with six month treasury notes being discontinued from the third quarter of 2020. For term debt traded on the capital market, the German federal government issues a two-year treasury note called a 'Schatz' in German. This is then followed by five-year treasure notes called 'Bobl', then federal bonds with a maturity of between 10 and 30 years ('Bund' in German).