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Mediocre Schatz auction

GERMAN AUCTION RESULTS
  • That wasn't a strong Schatz auction for the new 2.50% Mar-25 Schatz but it also wasn't terrible.
  • It was technically uncovered (but so was every Schatz launch auction in 2022).
  • Furthermore, the amount allotted was higher than at any point since at least 2020, and with a relatively tight tail.

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