Germany sells EUR 1.550bln vs exp. EUR 2bln 2.60% 2041 and 2.90% 2056 Bund

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Adidas (ADS GY) expects the 2026 World Cup in North America to drive record-breaking commercial results; forecasts over EUR 1bln in direct revenue from the tournament, Handelsblatt reports

IRCG says 25 vessels, including oil tankers and container ships, successfully transited the Strait of Hormuz over the past 24 hours; IRNA reports; IRGC warns any act of aggression or violation of maritime regulations would be met with a crushing response

Germany sells EUR 1.550bln vs exp. EUR 2bln 2.60% 2041 and 2.90% 2056 Bund

The European Commission plans to reserve most satellite frequencies for European operators when a prized spectrum band opens up in 2027, Politico reports citing sources

Russian Deputy Foreign Minister says it has informed Washington of readiness to transfer enriched uranium from Iran and the proposal is still on the table, Al Jazeera reports

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  • 2.60% 2041: b/c 1.5x (prev. 2.7x), average yield 3.30% (prev. 3.34%), retention 23.7% (prev. 3.7%)
  • 2.90% 2056: b/c 1.8x (prev. 1.45x), average yield 3.50% (prev. 3.58%), retention 21.3% (prev. 22.1%)

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