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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.
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0.475% Oct-30 OT
- On offer today: E500-750mln of the 0.475% Oct-30 OT (ISIN: PTOTELOE0028) - a former 10-year benchmark.
- Market colour: 0.475% Oct-30 OT yields have risen approx. 170bp since launch, reaching a high of 2.064% on Monday, and softening approx. 19bp to 1.876% at time of writing.
- Spreads to the 0% Aug-30 Bund have widened around 45bp since the beginning of the year. The second half of March saw spreads narrow just over 10bp, however momentum was regained in April, since reaching a high of over 100bp on Monday. Spreads had since ticked down a little to trade around 97.6bp at time of writing.
- Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.
Auction history: Most recent auctions
Date | Issued | Avg yield | Bid/cover | Price | Pre-auct | Operation |
Current | 1.876% | |||||
Last 5 ave | E706mln | 0.207% | 2.36x | |||
14-Jul-21 | E622mln | 0.127% | 2.29x | 103.20 | 102.97 | Auction |
10-Mar-21 | E625mln | 0.237% | 2.32x | 102.26 | 102.02 | Auction |
13-Jan-21 | E500mln | -0.012% | 3.02x | 104.75 | 104.48 | Auction |
09-Sep-20 | E964mln | 0.329% | 2.19x | 101.45 | Auction |
To read the full story
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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.