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0% Oct-28 EU NGEU auction result

EUROZONE ISSUANCE

Weak bid-to-cover. The is the weakest demand we have seen for an EU bond since the EU ramped up its issuance programmes (initially through SURE then NGEU). However, today's market moves probably didn't help demand going into the auction.

0% Oct-28 EU NGEUPrevious
ISINEU000A3KWCF4
AmountE2.498blnE2.497bln
Avg yield0.804%-0.117%
Bid-to-cover1.05x1.58x
Price94.92100.81
Pre-auction mid94.793100.476
Previous date25-Oct-21
TargetUp to E2.5bln

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