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New 2.10% Nov-29 Bund

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

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