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1.00% May-38 Bund

GERMAN AUCTION PREVIEW
MNI (London)
  • On offer today: E1.5bln of the 15-year 1.00% May-38 Bund (ISIN: DE0001102598)
  • Market colour: 1.00% May-38 Bund yields rose around 85bp from the end of May to the June 16 high of 2.049%. From this high yields fell over 110bp over the past six weeks to the low of 0.913% seen yesterday and were back around 0.999% 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:E1.5blnCurrent0.999%
Last 3 aveE1.833blnE1.564bln1.350%1.31x1.54x
22-Jun-22E1.5blnE1.263bln1.910%1.32x1.57x87.6787.59Auction
25-May-22E2blnE1.724bln1.150%1.41x1.64x97.7698.69Auction
27-Apr-22E2blnE1.704bln0.990%1.20x1.41x100.18NewAuction

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