Free Trial

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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.