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0% Apr-27 Bobl

MNI (London)
  • On offer today: E4.0bln of the 0% Apr-27 Bobl (ISIN: DE0001141851).
  • Market colour: The 0% Apr-27 Bobl was launched via conventional auction on January 18. From the launch to Feb 7, the yield rose around 50bp from -0.40% to 0.10%. The end of February saw a substantial drop back to -0.40% as markets priced the risk associated with the Russian invasion of Ukraine, before regaining confidence a week later. Yields have again risen since early March with a new leg higher yesterday bringing yields to 0.191% at the time of writing.
  • Timing: Results will be available shortly after the auction closes at 10:30GMT / 11:00CET.

Auction history:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auct
On offer:E2blnCurrent0.191%

Similar past auctions: The previous 5-year on-the-run Bobl was the 0% Oct-26 Bobl (ISIN: DE0001141844). Below are the results of the latest three reopenings.

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auct
Last 5 aveE3.8blnE3.108bln-0.614%1.21x1.48x

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