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0% Aug-31 Green Bund

GERMAN AUCTION PREVIEW
MNI (London)

On offer today: E1.5bln of the 0% Aug-31 Green Bund (ISIN: DE0001030732)

  • Market colour: 10-year Dreen Bund yields have been increasing since the second week of March, following a 31bp dip to -0.140% following the Russian invasion of Ukraine at the end of February. The last week of April saw yields fall 17bp, however, have since recovered to stand at 0.877% at the time of writing.
  • The "greenium" to the 0% Feb-32 Bund saw a high of 6.7bp on March 22, which then narrowed to 5.2bp on April 11. The greenium over the past two weeks has been hovering between 5.8bp to 6.0bp, narrowing to 5.9bp at the time of writing.

Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.


Auction history:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
20-Oct-21E3blnE1.649bln-0.160%0.59x1.08x101.54101.57Auction
08-Sep-21E3.5blnE3.198bln-0.380%1.05x1.14x103.81NewAuction

Similar auctions: The most recent green Bund auction was the reopening of the 0% Aug-30 Green Bund (ISIN: DE0001030708) for which the auction history is below:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation

Current0.938%
02-Mar-22E1.5blnE1.441bln-0.200%1.16x1.21x101.72101.72Auction
02-Sep-20E6.5blnSynd-0.463%104.72NewSynd

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