Free Trial

Decent Bobl auction

GERMAN AUCTION RESULTS
  • The price of the 2.10% Apr-29 Bobl had fallen in the auction. The results were overall decent - but with a better bid-to-cover and bid-to-offer than previously seen.
  • Immediately as the results were published the price of the 2.10% Apr-29 Bobl moved from 99.03 (the auction price) to 99.058. We are now back to trading where we were ahead of the auction concession being priced in (and before the ZEW survey was released).
  • Only marginal impact on the Bund future from the auction.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.