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0% Jan-52 DSL

DUTCH AUCTION PREVIEW
MNI (London)
  • On offer today: E1-2bln of the 0% Jan-52 DSL (ISIN: NL0015614579)
  • Market Colour: The 30-year DSL saw yields slide by around 45bp from mid-February to March 7 as markets absorbed the shock of the onset of the Ukraine war. Yields have otherwise followed an upwards trajectory, rising approx. 110bp since the beginning of the year.
  • Spreads to the 0% Aug-52 Bund have been in the 2.4bp-5.2bp range since the beginning of the year, the high being on March 7. Spreads had narrowed to around 4.2bp at the time of writing.
  • Timing: Results will be available shortly after the auction closes at 9:00 BST / 10:00 CEST.


Auction history:

DateIssuedAvg yieldPricePre-auctOperation
Current1.422%
Last 3 aveE1.95bln0.199%
25-Jan-22E1.985bln0.350%90.0590.04Auction
14-Sep-21E1.98bln0.275%92.0291.91Auction
12-Jan-21E1.885bln-0.027%100.85100.70Auction
22-Sep-20E5.961bln0.028%99.13NewSynd

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