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1.00% May-38 Bund

GERMAN AUCTION PREVIEW
MNI (London)
  • On offer today: E2bln of the 1.00% May-38 Bund (ISIN: DE0001102598)
  • Market colour: Today will be the first reopening of the 1.00% May-38 Bund. 15-year Bund yields have risen approx. 38bp from the late April launch to the May 9 high of 1.347%. Yields have since softened to 1.179% at the time of writing.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.

Auction History:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E2blnCurrent1.179%
27-Apr-22E2blnE1.704bln0.990%1.20x1.41x100.18NewAuction

Similar past auctions: The previous 15y Bund was the 0% May-36 Bund (ISIN: DE0001102549)

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E2blnCurrent1.133%
Last 5 aveE1.9blnE1.392bln0.084%1.13x1.47x
23-Feb-22E1.5blnE1.283bln0.370%2.32x2.72x94.8294.71Auction
19-Jan-22E1.5blnE1.326bln0.150%1.01x1.15x97.8497.83Auction
24-Nov-21E2blnE980mln-0.060%0.54x1.10x100.83100.84Auction
27-Oct-21E2blnE1.509bln0.020%0.96x1.28x99.7399.77Auction

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