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2.10% Nov-29 Bund (Repost)

GERMAN AUCTION PREVIEW
MNI (London)

On offer today:

  • E4bln of the 2.10% Nov-29 Bund (ISIN: DE0001102622)

Market colour:

  • This is the first 7-year Bund reopening of the year. The initial plan had been that there would not be a 7-year Bund auction in 2022 but this was added in the Q4 issuance update as the funding requirement for the year was raised.
  • 2.10% Nov-29 Bund yields are currently standing around 2.111%, around 33bp below the Oct 21 high.

Timing: Results will be available shortly after the auction closes at 1030 GMT / 1130 CET.


Auction history:

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E4blnCurrent2.111%
18-Oct-22E4blnE1.784bln2.230%0.47x1.04x99.16NewAuction

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