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EU-BOND AUCTION RESULTS: Another low bid-to-cover for 5-year EU-bond

EU-BOND AUCTION RESULTS
  • Another low bid-to-cover (1.15x) on the 5-year EU-bond auction, but the low price of the auction matched the pre-auction mid-price.
  • A more successful 10-year auction with a 1.39x bid-to-cover and close to the top of the range sold.
  • No huge impacts across the EU-bond curve.
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  • Another low bid-to-cover (1.15x) on the 5-year EU-bond auction, but the low price of the auction matched the pre-auction mid-price.
  • A more successful 10-year auction with a 1.39x bid-to-cover and close to the top of the range sold.
  • No huge impacts across the EU-bond curve.