Germany sells EUR 2.503bln vs exp. EUR 3.0bln 1.25% 2048, 0.00% 2052 and 2.90% 2056 Bund
Importance
Level 1
- 1.25% 2048: b/c 1.7x (prev. 1.8x), average yield 3.55% (prev. 3.25%), retention -- (prev. 21.4%)
- 0.00% 2052: b/c 1.6x (prev. 1.6x), average yield 3.57% (prev. 3.42%), retention 53.7% (prev. 14.0%)
- 2.90% 2056: b/c 1.45x (prev. 1.7x), average yield 3.58% (prev. 3.45%), retention 22.1% (prev. 24.3%)