Free Trial

0.10% Apr-33 ILB

GERMAN AUCTION PREVIEW
MNI (London)
  • On offer today: E0.5bln of the 0.10% Apr-33 ILB (ISIN: DE0001030583)
  • Market colour: The originally 12-year linker saw real yields rise around 154bp to the June 20 high of -0.292%, since decreasing around 50bp at the time of writing.
  • Breakevens to the 0% Feb-32 Bund rose around 106bp from the beginning of the year to the April 29 high and have fallen just shy of 70bp over the last two months to stand at approx. 209bp at the time of writing.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.

Auction history:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E0.5blnCurrent-0.772
Last 5 aveE560mlnE416mln-1.948%1.02x1.42x
03-May-22E750mlnE560mln-1.730%0.92x1.23x122.23122.20Auction
08-Mar-22E400mlnE212mln-2.440%0.93x1.76x132.75132.77Auction
11-Jan-22E750mlnE630mln-1.800%1.30x1.55x123.93123.78Auction
02-Nov-21E400mlnE274mln-1.860%0.85x1.24x125.24125.28Auction
05-Oct-21E500mlnE405mln-1.910%1.09x1.35x126.18126.23Auction

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.