Germany sells EUR 1.35bln vs exp. EUR 1.5bln 2.50% 2035 Green Bund: b/c 2.01x (prev. 2.2x), average yield 2.79% (prev. 2.52%), retention 10.0% (prev. 4.2%)

Germany sells EUR 1.35bln vs exp. EUR 1.5bln 2.50% 2035 Green Bund: b/c 2.01x (prev. 2.2x), average yield 2.79% (prev. 2.52%), retention 10.0% (prev. 4.2%)

The recent auction of German Green Bunds attracted strong demand, albeit slightly below expectations, with a bid-to-cover ratio of 2.01x compared to the previous 2.2x. The uptick in average yield suggests investors are demanding a higher return, which may signal concerns about inflation or shifting interest rate expectations. The increase in retention implies that more bonds are being held by bidders, reflecting a cautious outlook among participants.