BDO Releases Capital Market Compass for September 2026

BDO AG Wirtschaftsprüfungsgesellschaft released its Capital Market Compass for September 2026 on September 27, 2026. The report compiles central capital market parameters for Germany and the USA that are crucial for professionals involved in company valuations.

The analysis, based on data as of August 31, 2026, covers market yields for government bonds, risk-free base interest rates, inflation, and market risk premiums. It aims to offer valuation and corporate finance professionals, as well as business leaders and financial managers, a quick and current overview.

In August 2026, the yield on ten-year German government bonds increased by 12 basis points to 3.32%, while the yield on comparable U.S. Treasury bonds remained unchanged at 4.75%. The continued elevated yield levels in both countries reflect ongoing macroeconomic uncertainties and the impact of monetary and fiscal policies.

The average risk-free base interest rate stood at 3.66% in Germany and 5.31% in the United States. Germany's inflation rate was recorded at 2.9% in August, marking an increase after a period of decline in preceding years. Regarding the market risk premium, BDO recommended a premium of 5.25% effective September 1, 2026, positioning it at the lower end of the IDW FAUB's recommended corridor.