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Decent 7-year Bund auction

GERMAN AUCTION RESULTS
  • That was a decent 7-year Bund auction with the average price and lowest accepted price both coming in at 98.88, similar to levels seen around 7-15 minutes ahead of the auction close (and above the dip seen in the price going into the auction cutoff).
  • We are now trading back above the price achieved at auction, with 98.906 at the time of writing.

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