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Germany will come to.........>

GERMAN AUCTION PREVIEW: Germany will come to market on Tuesday to tap the 0%
Mar-22 Schatz for E5bn.
- BACKGROUND: The 0% Mar-22 Schatz was last re-opened on 24 March with E2.89bn
allotted at an average yield of -0.65%, Buba cover of 1.16x and bid-to-cover of
- RV/HISTORY: Following the whipsaw in March when bunds rallied hard on the back
of intensifying headwinds from the coronavirus crisis and then subsequently sold
off on a shift in risk sentiment, price action has lacked clear direction in
April. Bund yields have inched lower from the early April high, but have started
this week on a slightly weaker footing.  This will be the second time this week
that Germany comes to market, having already allotted E5.89bn of bubills on
Monday. ZEW survey data will be published ahead of the Tuesday auction, while
the collapse in front month WTI futures prices could cause further market
ructions ahead of the bund sale. 
- TIMING: Results are due out at 1030GMT. 

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