Net sales on German bond market reach €28.1 billion in February
Net sales on the German bond market totaled €28.1 billion in February 2026, according to the latest data from the Deutsche Bundesbank. This figure reflects the overall activity across various debt securities.
Shifting Tides in Debt Markets
Net sales of debt securities totaled €28.1 billion in February 2026, contributing to €78.1 billion for the first two months of the year.
Foreign debt securities accounted for a significant portion, with net sales of €18.8 billion, while domestic debt securities saw €9.3 billion.
Public sector debt securities recorded net sales of €5.6 billion, primarily driven by Länder and municipalities at €4.9 billion, with federal government bonds contributing a modest €0.6 billion.
Corporate debt securities also showed positive net sales of €3.2 billion, indicating continued demand for corporate financing instruments.
Bank debt securities, however, saw only €0.5 billion in net sales.
Mixed Fortunes for Equities and Funds
In contrast to debt markets, the German equity market experienced net acquisitions of €6.6 billion in February 2026, primarily due to foreign shares, which saw net acquisitions of €6.7 billion.
Domestic shares, however, recorded modest net sales of €0.1 billion.
Investment funds, on the other hand, attracted substantial inflows, with total net sales reaching €25.2 billion in February.
Foreign fund units were particularly popular, accounting for €17.7 billion, while domestic funds saw €7.6 billion.
Within domestic funds, equity funds led with €3.0 billion, followed by bond funds at €2.2 billion, indicating a diversified investor interest.
Routine Data, Limited Insight
This monthly data offers a granular view of German securities markets, noting specific shifts in February investor preferences.
Yet, as a standalone release, it provides minimal insight into broader economic drivers or future market direction.
Its value lies in statistical transparency, not in signaling new policy-relevant developments.