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0.50% Apr-43 RFGB

FINLAND AUCTION PREVIEW
MNI (London)
  • On offer today: E1.0bln of the 0.50% Apr-43 RFGB (ISIN: FI4000517677)
  • Market colour: 21-year RFGB yields have risen over 200bp since the late January launch, gaining strong momentum following an approx. 22bp dip at the onset of the Ukraine war in late Feb to early March. Yields had moderated around 7bp at the time of writing this morning from yesterday's high of 2.566%.
  • Spreads to the 2.50% Jul-44 Bund are currently just shy of 72bp, having widened around 25bp since the late Jan launch. A high of approx. 74bp was seen on May 24.
  • Timing: Results will be available shortly after the auction closes at 1100 BST / 1200 CEST.


Auction history:

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current2.499%
17-May-22E996mln1.744%1.51x78.3678.37Auction
26-Jan-22E3bln0.528%99.44NewSynd

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