Germany sells EUR 3.548bln vs exp. EUR 5.0bln 2.50% 2031 Bobl: b/c 1.1x (prev. 1.19x), average yield 2.72% (prev. 2.43%), retention 29.04% (prev. 23.5%)

The auction result indicates weaker demand for Germany's Bobl bonds, as the sale fell short of expectations. With a bid-to-cover below the previous auction, higher average yields point to increasing market resistance, which could signal shifts in duration appetite and affect overall risk sentiment in fixed income markets.