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Free AccessOn Wednesday the Deutsche....>
GERMAN AUCTION PREVIEW: On Wednesday the Deutsche Finanzagentur will tap the
market for E3.0bln, re-opening the 0.25% Feb-29 Bund.
- HISTORY: The result of the last auction of the above bond is listed below:
0.25% Feb-29 Bund: average yield 0.29%, cover 1.28x, buba cover 1.62x, on
09/01/19.
- BACKGROUND: Bund yields remain higher this week, triggered by an improvement
in risk sentiment. News of Trump delaying an increase in tariffs on China, plus
a reduction in the liklehood of a 'no-deal' Brexit has aided investor
confidence.
Friday saw E16bln in Bobl redemptions, which should offer some support for
Wednesday's auction.
The Bund 10yr benchmark currently trades at a yield of 0.104%.
Bundesbank President Weidmann will speak at 1000GMT prior to the auction.
- TIMING: Results are due shortly after the auction closes at 1030GMT.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.