Germany sells EUR 2.662bln vs exp. EUR 3.5bln 2.50% 2032 Bund Auction: b/c 2.4x (prev. 1.1x), avg. yield 2.8% (prev. 2.78%), retention 23.94%
The Bund auction saw weaker demand than expected, with the sale of EUR 2.662 billion falling short of the EUR 3.5 billion target, though the bid-to-cover ratio improved significantly to 2.4x from 1.1x previously.
Russian Direct Investment Fund head Dmirtiev reposts an article noting that "traders understand that European natural gas prices are likely to double soon, after a 50% increase so far"
A Pakistani source has confirmed that the US and Iran are closing in on a one-page memorandum to end their conflict, Reuters reports
Germany sells EUR 2.662bln vs exp. EUR 3.5bln 2.50% 2032 Bund Auction: b/c 2.4x (prev. 1.1x), avg. yield 2.8% (prev. 2.78%), retention 23.94%
Israel Energy Minister Cohen says they need to wait and see if a deal to end the Middle East conflict occurs, Iran must agree to all conditions
ByteDance’s GPU procurement budget reportedly rose to CNY 230bln (from CNY 160bln), while its CPU budget increased to CNY 100bln (from CNY 70bln), according to Macro Lin
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This slightly higher average yield of 2.8% suggests investors may be requiring better compensation as rates rise. Overall, this outcome may indicate shifting sentiments in the fixed income market, potentially impacting future yield expectations and the broader duration appetite.
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