Germany sells EUR 3.197bln vs exp. EUR 4.0bln 2.50% 2032 Bund: b/c 1.51x (prev. 1.2x), average yield 2.60% (prev. 2.33%), retention 20.1% (prev. 23.87%)

Germany sells EUR 3.197bln vs exp. EUR 4.0bln 2.50% 2032 Bund: b/c 1.51x (prev. 1.2x), average yield 2.60% (prev. 2.33%), retention 20.1% (prev. 23.87%)

Germany's latest bund auction fell short of expectations, with a total sale of EUR 3.197 billion versus a forecast of EUR 4.0 billion. While the bid-to-cover ratio improved, indicating stronger demand, the average yield increased, suggesting a shift in market sentiment towards higher yields which could impact ongoing rate outlooks across the Eurozone.