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New 1.70% Aug-32 Bund

GERMAN AUCTION PREVIEW
MNI (London)
  • On offer today: E5bln of the new 1.70% Aug-32 Bund (ISIN: DE0001102606)
  • Market colour: The previous 10-year Bund saw yields rise around 130bp from the beginning of April to mid-June highs, and have since fallen back around 75bp. Note also that since the coupon was set for today's new issue, prevailing yields have moved sharply lower and so today's issue is likely to be issued at a notable premium.
  • Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.


Similar past auctions: The previous 10-year Bund was the 0% Feb-32 Bund (ISIN: DE0001102580)

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:Current1.175%
Last 5 aveE4blnE3.294bln0.762%1.24x1.51x
08-Jun-22E4blnE3.266bln1.330%1.37x1.68x87.9787.94Auction
11-May-22E4blnE3.23bln0.960%1.10x1.36x91.0691.06Auction
13-Apr-22E4blnE3.274bln0.830%1.03x1.26x92.2192.20Auction
16-Mar-22E4blnE3.427bln0.380%1.08x1.26x96.2896.26Auction
16-Feb-22E4blnE3.273bln0.310%1.63x1.99x96.9896.95Auction
26-Jan-22E4blnE3.344bln-0.080%1.15x1.38x100.78100.76Auction
05-Jan-22E4blnE3.13bln-0.090%1.14x1.46x100.95NewAuction

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