May 18, 2022 06:53 GMT
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:
Issued | Allotted | Avg yield | Bid/cover | Bid/offer | Price | Pre-auct | Operation | |
On offer: | E2bln | Current | 1.182% | |||||
Last 3 ave | E1.167bln | E922mln | 0.237% | 1.13x | 1.43x | |||
01-Mar-22 | E4bln | Synd | 0.320% | 90.73 | Synd | |||
12-Jan-22 | E1.5bln | E1.256bln | 0.280% | 0.94x | 1.12x | 91.86 | 91.81 | Auction |
17-Nov-21 | E1bln | E693mln | 0.080% | 0.77x | 1.12x | 97.49 | 97.44 | Auction |
13-Oct-21 | E1bln | E816mln | 0.350% | 1.67x | 2.05x | 89.82 | 89.66 | Auction |
01-Sep-21 | E5.5bln | Synd | 0.159% | 95.20 | New | Synd |
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