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0.75% Jul-28 DSL

MNI (London)
  • On offer today: E1.5-2.5bln of the 0.75% Jul-28 DSL (ISIN: NL0012818504).
  • Market colour: Today will be the first reopening of the 6-year DSL since September 2020.
  • Spreads to Bobls on 7-year DSLs have widened around 9bp since early February, widening just under 7bp in the second week of February.
  • 7-year DSL yields were growing since the end of January, then saw a substantial dip at the end of February due to growing geopolitical risks as Russia invaded Ukraine. This translated into an almost 40bp drop from around 0.18% to -0.21%. DSL yields saw a strong rebound in the second week of March and currently stand at around 0.32%.

Auction history:

DateIssuedAvg yieldPrice

Similar past auctions: 0% Jan-29 DSL (ISIN: NL0015000LS8):

DateIssuedAvg yieldPricePre-auct
Last 3 aveE3.037bln-0.149%

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