Debt securities issued by the the Kingdom of Spain must have an original term of no longer than 20 years (as of September 2018: 15 years). In the case of callable bonds issued by the Swiss Confederation, the first and the last call dates must be between eight and 13 years. * Trade war, recession fears see bund yields hit new lows * Gap between two and 10-year German bund yields now 20 bps * Central banks “only game in town” - strategist (Updates pricing, adds The German 10 Year Bund Effectively a Call Option at 30 Basis Points by EconMatters Bonds are not Stocks On Friday the German 10 Year Bund yield touched the 0.30 mark or 30 basis points, yeah that`s right the same instrument that was yielding 90 basis points in November of last year, a 140 basis points last May 2014, and 195 basis points at the beginning of 2014.