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Another strong Bobl auction

GERMAN AUCTION RESULTS
  • Another strong Bobl auction for the 2.40% Oct-28 Bobl with a bid-to-cover of 1.81x and offer to cover of 2.13x with the lowest accepted price of 99.20 decent and the average price of 99.21 not seen since an hour ahead of the auction window cutoff.
  • Following the close of the auction we touched a high of 99.219 and continue to trade at a higher prevailing price than prior to the auction close.

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