March 05, 2025 08:37 GMT
BUNDS: Little Reaction In 30-year Yields As Syndication Books Open
BUNDS
No material reaction in 30-year yields after books opened for today’s 30-year syndication. The yield on the 2.50% Aug-54 Bund remains around 15bps higher on the session at 2.99%
- Earlier this morning, we highlighted a risk of a delay to the syndication amid this morning’s notable volatility in German bonds.
- We had expected a E6bln size (similar to last year), but this is very uncertain given current market conditions and could be as small as E3-4bln.
74 words