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New 0.40% Sep-24 Schatz

GERMAN AUCTION PREVIEW
MNI (London)
  • On offer today: E6bln of the new 0.40% Sep-24 Schatz (ISIN: DE0001104891)
  • Market colour: The new 0.40% Sep-24 Schatz will be launched via conventional auction today, replacing the 0.20% Jun-24 Schatz as the new on-the-run issue. The previous Schatz has seen yields trading within the 0.148% to 0.622% range since early July.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.

Similar past auctions: The 0.20% Jun-24 Schatz (ISIN: DE0001104883) was launched earlier this year (auction history below)

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation

Current0.446%
12-Jul-22E5.5blnE4.513bln0.340%0.97x1.18x99.7399.73Auction
14-Jun-22E5.5blnE4.518bln1.180%1.28x1.56x98.0998.07Auction
17-May-22E6blnE4.115bln0.290%0.71x1.03x99.82NewAuction
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  • On offer today: E6bln of the new 0.40% Sep-24 Schatz (ISIN: DE0001104891)
  • Market colour: The new 0.40% Sep-24 Schatz will be launched via conventional auction today, replacing the 0.20% Jun-24 Schatz as the new on-the-run issue. The previous Schatz has seen yields trading within the 0.148% to 0.622% range since early July.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.

Similar past auctions: The 0.20% Jun-24 Schatz (ISIN: DE0001104883) was launched earlier this year (auction history below)

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation

Current0.446%
12-Jul-22E5.5blnE4.513bln0.340%0.97x1.18x99.7399.73Auction
14-Jun-22E5.5blnE4.518bln1.180%1.28x1.56x98.0998.07Auction
17-May-22E6blnE4.115bln0.290%0.71x1.03x99.82NewAuction