BRIEF: EC Approves Italy's 5th NGEU Payment Request For EUR11 billion

MNI BRIEF: ECB's Eye On French Markets, Price Stability Key

MNI BRIEF: Lower Inflation Path Remains Bumpy - Lagarde

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

MNI BRIEF: China Aims For AI Standards By 2026

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: 2.60% Aug-34 Bund Due Wednesday

Ita-coin Nowcast Negative For Second Month

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

0% May-36 Bund

GERMAN AUCTION PREVIEW
MNI (London)

Germany will come to the market today to sell E1.5bln of the 15-year Bund.

  • On offer will be the 0% May-36 Bund. ISIN: DE0001102549
  • Auction history: This will be the ninth re-opening of the 0% May-36 Bund, which was launched via auction on March 3, 2021.
  • Today's auction is a smaller size than previously, with E1.5bln being issued (following E2.0-2.5bln at previous reopenings). The previous four auctions in July, September, October and November were notably all technically uncovered.
  • The two most recent auctions had an issuance volume of E2.0bln. The November auction allotted E980mln at an average yield of -0.060%, resulting in a bid-to-cover of 0.54x (the bid-to-offer was 1.10x). The October auction saw E1.509bln allotted at a yield of 0.020% and resulted in a bid-to-cover of 0.96x (the bid-to-offer was 1.28x).
  • Timing: Results are due shortly after the auction closes at 10:30GMT / 11:30CET.
Germany ISIN Code NewsHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
Germany ISIN Code NewsHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.