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On Wednesday the Deutsche....>

GERMAN AUCTION PREVIEW
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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