Germany sells EUR 1.674bln vs exp. EUR 2bln 1.00% 2038 and 2.60% 2041 Bund

The auction results show strong demand for the 2038 Bund with a bid-to-cover of 1.94x, improving from the previous auction.

Newsquawk StaffPublished 25 Feb 2026, 10:52 UTCOn the live feed at 10:32 UTC — 3 more headlines followed before this page went public

Newsquawk headlinesUTC

10:41

SoftwareOne (SWON SW) has become one of the first global authorized Google Cloud (GOOGL) distributors

10:40

China's Premier Li in meeting with German Chancellor Merz says both sides should support scientific research institutions and enterprises strengthening cooperation in joint research and development

10:32

Germany sells EUR 1.674bln vs exp. EUR 2bln 1.00% 2038 and 2.60% 2041 Bund

10:26

Iran's IRGC ground units conducted a tactical exercise on Wednesday, practising a missile attack scenario; strike site closely resembled part of the US al-Dhafra base in the UAE and tactical ballistic missiles were used in this scenario

10:04

Diageo (DGE LN) CFO says they are not sellers of Guinness or the stake in Moet Hennessy

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1.00% 2038: b/c 1.94x (prev. 1.84x), average yield 2.93% (prev. 2.86%), retention 17.9% (prev. 15.87%).
2.60% 2041: b/c 2.69x (prev. 2.61x), average yield 3.09% (prev. 3.23%), retention 14.7% (prev. 22.4%)

Context

However, the amount sold was below expectations, which could signal potential concerns about investor appetite in the current interest rate environment. The rising average yields indicate a shift in market sentiment, possibly impacting future rate expectations and risk sentiment across the curve.

Fixed Income · last 90 days

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