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New 2.10% Nov-29 Bund

GERMAN AUCTION PREVIEW
MNI (London)

On offer today: E4bln of the new 2.10% Nov-29 Bund (ISIN: DE0001102622)


Market colour:

  • A new 7-year Bund will be launched via conventional auction today.
  • Germany had not planned to issue a 7-year Bund in 2022. The 7-year Bund was only added to the calendar when financing requirements for Q4-22 were increased.

Timing: Results will be available shortly after the auction closes at 1030 BST / 1130 CEST.


Similar past auctions: The 0% Nov-28 Bund was the most recent 7-year Bund launched last year.

IssuedAllottedAvg yieldBid/coverBid/offerPricePre-auctOperation
On offer:E4blnCurrent2.107%
Last 5 aveE3.2blnE2.593bln-0.514%1.15x1.42x
30-Nov-21E3blnE2.308bln-0.530%0.89x1.15x103.73103.75Auction
26-Oct-21E3blnE2.361bln-0.310%1.00x1.26x102.24102.24Auction
21-Sep-21E3blnE2.469bln-0.500%1.28x1.56x103.63103.63Auction
...
27-Apr-21E4blnE3.253bln-0.410%1.14x1.40x103.13NewAuction

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