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0% Aug-52 Bund

GERMAN AUCTION PREVIEW
MNI (London)
  • On offer today: E1.5bln of the 0% Aug-52 Bund (ISIN: DE0001102572)
  • Market colour: 30-year Bund yields have followed a general upwards trajectory since the beginning of the year. Yields fell approx. 35bps to -0.052% at the end of February onset of the Ukraine war, recovering momentum in mid-March to reach a high of 1.256% on May 9. Yields had since softened to 1.182% at 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
On offer:E2blnCurrent1.182%
Last 3 aveE1.167blnE922mln0.237%1.13x1.43x
01-Mar-22E4blnSynd0.320%90.73Synd
12-Jan-22E1.5blnE1.256bln0.280%0.94x1.12x91.8691.81Auction
17-Nov-21E1blnE693mln0.080%0.77x1.12x97.4997.44Auction
13-Oct-21E1blnE816mln0.350%1.67x2.05x89.8289.66Auction
01-Sep-21E5.5blnSynd0.159%95.20NewSynd
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  • On offer today: E1.5bln of the 0% Aug-52 Bund (ISIN: DE0001102572)
  • Market colour: 30-year Bund yields have followed a general upwards trajectory since the beginning of the year. Yields fell approx. 35bps to -0.052% at the end of February onset of the Ukraine war, recovering momentum in mid-March to reach a high of 1.256% on May 9. Yields had since softened to 1.182% at 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
On offer:E2blnCurrent1.182%
Last 3 aveE1.167blnE922mln0.237%1.13x1.43x
01-Mar-22E4blnSynd0.320%90.73Synd
12-Jan-22E1.5blnE1.256bln0.280%0.94x1.12x91.8691.81Auction
17-Nov-21E1blnE693mln0.080%0.77x1.12x97.4997.44Auction
13-Oct-21E1blnE816mln0.350%1.67x2.05x89.8289.66Auction
01-Sep-21E5.5blnSynd0.159%95.20NewSynd