Free Trial

0% Jan-26 DSL

DUTCH AUCTION PREVIEW
MNI (London)
  • On offer today: E2-3bln of the 0% Jan-26 DSL (ISIN: NL0015000QL2).
  • Market colour: 4-year DSL yields have risen approx. 125bp since the March 1 low of -0.412% at the onset of the Ukraine war.
  • Spreads to the 0% Apr-26 Bobl have traded between the initial low of 8.4bp and the Feb 21 high of 15.4bp since the launch in January. Spreads have widened 4bp since mid-April to stand at 14.4bp at time of writing.
  • Timing: Results will be available shortly after the auction closes at 0900 BST / 1000 CEST.

Auction history:

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current
0.782%
11-Jan-22E4.705bln-0.329%101.33NewAuction

Similar past auctions: 0.50% Jul-26 DSL (ISIN: NL0011819040)

DateIssuedAvg yieldBid/coverPricePre-auctOperation
Current0.772%
28-Apr-21E2.35bln-0.503%105.31105.28Auction
11-Feb-20E1.33bln-0.487%106.45Auction

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.