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0% Aug-31 Bund

GERMAN AUCTION PREVIEW
  • Germany will come to the market this morning to sell E4bln of the 10-year 0% Aug-31 Bund.
  • This will be the fourth auction of the issue with bids and allotments of the last two issues broadly in line with each other.
  • We would expect today's auction to see a similar level of demand.
  • 10-year Bund auctions have generally been well received and have not seen the same number of technically uncovered auctions as other maturites in Germany.
  • Timing: Results will be available shortly after the auction closes at 10:30BST/11:30CET.

Auction history

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auct
On offer:E4blnCurrent-0.206%
Last 3 aveE4.333blnE3.598bln-0.310%1.16x1.40x
11-Aug-21E4blnE3.316bln-0.440%1.20x1.44x104.56104.53
14-Jul-21E4blnE3.392bln-0.300%1.20x1.42x103.03103.01
16-Jun-21E5blnE4.085bln-0.190%1.08x1.33x101.99New

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