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0% Mar-24 Schatz

GERMAN AUCTION PREVIEW
MNI (London)

On offer today: E5.5bln of the 0% Mar-24 Schatz (ISIN: DE0001104875).

  • Market colour: Schatz yields hit a low of -0.802% on 7 March due to the escalation of the Ukraine invasion. Yields began to recover in the second week of March, and are now over 90bp above the low at 0.143% at the time of writing.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 11:30 CEST.

Auction history:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E2blnCurrent0.143%
15-Mar-22E5.5blnE4.403bln-0.360%0.87x1.08x100.72100.73Auction
01-Feb-22E6blnE4.846bln-0.500%0.97x1.20x100.07NewAuction

Similar past auctions: The previous on-the-run Schatz was the 0% Dec-23 Schatz (ISIN: DE0001104867):

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E2blnCurrent
-0.038%
04-Jan-22E5blnE3.957bln-0.620%1.56x1.97x101.21101.21Auction
07-Dec-21E4blnE3.277bln-0.710%1.11x1.36x101.45101.45Auction
09-Nov-21E6blnE4.777bln-0.710%1.00x1.26x101.49NewAuction

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