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30y Bunds

GERMAN AUCTION RESULTS
  • Mixed results with the German 30y Bund auction.
  • The 1.25% Aug-48 Bund saw very strong results with a tight tail, strong bid-to-cover and LAP in excess of the prevailing price.
  • However, the 0% Aug-52 Bund was weak. It was technically uncovered, saw a wide tail and even the mid-price was below the prevailing market price.

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