March 21, 2023 10:39 GMT
Slightly disappointing green Bobl auction
GERMAN AUCTION RESULTS
- The auction of the 1.30% Oct-27 Green Bobl saw a similar volume of bids to the last green auction on 24 January (the 0% Oct-25 Green Bobl).
- However, despite the price falling ahead of the auction cut-off, today's auction still saw the lowest accepted price of 96.20 below the pre-auction mid-price of 96.213. In our view this made today's auction slightly disappointing, despite the decent bid-to-cover.