August 16, 2023 09:42 GMT
Decent German auction
GERMAN AUCTION RESULTS
- It was a decent German 30-year auction overall with a lower bid-to-cover for the 0% Aug-50 Bund than previously but more bids for the 0% Aug-52 Bund.
- The lowest accepted price was just above the prevailing market price for both Bunds sold.
- At the time of writing both Bunds sold were trading above the average price acheived at auction.