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Technically uncovered........>

GERMAN AUCTION RESULTS
GERMAN AUCTION RESULTS: Technically uncovered. Germany allotted E2.412bln of the
10-year benchmark 0.5% Feb-28 on Wednesday compared to E3bln on sale. 
- Average yield of 0.67% (0.69%) 
- Bid-to-cover ratio of 1.2 (six auction average 1.4) times according to Buba
calcs. Looking at the bid-to-available for sale cover ratio, it was 0.95 (six
auction average 1.1)
- The average price was 98.31 compared to a secondary market level of 98.31
(mid), so 0 cents compared the market. (+0.5 cents)

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