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0% Oct-25 Green Bobl

GERMAN AUCTION RESULTS
  • The Green Bobl looks to be a relatively strong auction, with a good bid-to-cover, the LAP being comfortably above the mid-market price (and indeed at a price last seen around 20 minutes before the price softened into the bidding deadline).
  • There is not really a comparable auction to compare this to as this is the first time a Green Bobl has been reopened when it wasn't paired with the current (or previous) on-the-run Bobl. So this is the shortest green issue from Germany.
  • The price of the 0% Oct-25 Green Bobl moved from around 94.00 to 94.02 on the bidding deadline and has stayed around the latter rate as the results have been released.
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  • The Green Bobl looks to be a relatively strong auction, with a good bid-to-cover, the LAP being comfortably above the mid-market price (and indeed at a price last seen around 20 minutes before the price softened into the bidding deadline).
  • There is not really a comparable auction to compare this to as this is the first time a Green Bobl has been reopened when it wasn't paired with the current (or previous) on-the-run Bobl. So this is the shortest green issue from Germany.
  • The price of the 0% Oct-25 Green Bobl moved from around 94.00 to 94.02 on the bidding deadline and has stayed around the latter rate as the results have been released.