April 25, 2022 07:50 GMT
AUCTION PREVIEW: 0.40% Feb-37 Green EU
EUROZONE ISSUANCE
MNI (London)
On offer today: E2.5bln of the 0.40% Feb-37 Green EU (ISIN: EU000A3K4C42).
- Market colour: The green EU-bond yield has been increasing since mid-December from the low of 0.0863%. Yields have been gradually increasing since mid-December (albeit with a blip around the start of the Russian invasion of Ukraine). Yields now stand at 1.616% at writing. Spreads to the 0% May-36 Bund have widened from around 30bp at the turn of the year to 61.0bp at writing.
- Timing: Results will be available shortly after the auction closes at 10:30 BST / 11:30 CEST.
Auction history:
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 1.616% | |||||
24-Jan-22 | E2.499bln | 0.374% | 1.49x | 100.37 | 99.87 | Auction |
12-Oct-21 | E12bln | 0.453% | 99.22 | New | Synd |
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