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Decent Schatz auction

GERMAN AUCTION RESULTS
  • That was a decent Schatz auction despite the lowest accepted price being a little below the pre-auction mid-price.
  • The bid volume was the highest since August 2020 at E9.462bln, leading to the highest coverage ratios since at least January 2022.
  • After the auction the price has moved higher and at the time of writing the price was the highest since 8:30GMT / 9:30CET (2 hours ahead of the auction cutoff).

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