Free Trial

Soft EU-bond auction

EUROZONE ISSUANCE
  • That EU-bond auction saw pretty soft demand with bid-to-covers of 1.07x for both bonds on offer. And also note the lowest accepted price was only just above the pre-auction mid for the 10-year 3.25% Jul-34 EU-bond but notably below for the 5-year 3.125% Dec-28 EU-bond.
  • Both saw decent discounts between the low price and the average price.- Disappointing auction overall.

To read the full story

Close

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.