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Tight tail

GERMAN AUCTION RESULTS
  • There was a tight tail on the Schatz auction with the LAP in line with the average price at 99.760, and both exceeding the pre-auction mid-price of 99.759.
  • This is in line with the prevailing price 5-10 minutes before the auction cutoff time but above the low of 99.736 seen around a minute before the auction close.
  • On the results, the 2.50% Mar-25 Schatz moved higher and at writing is trading around 99.79 - above the auction price.

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