Germany sells EUR 3.811bln vs exp. EUR 5.0bln 2.10% 2028 Schatz: b/c 1.5x (prev. 1.61x), average yield 2.62% (prev. 2.72%), retention 23.78% (prev. 22.6%)

The German Schatz auction saw a weaker than expected result, with sold amounts falling short of the targeted EUR 5 billion, indicating diminished demand relative to the supply. The average yield also came down slightly from the previous auction, suggesting lowered investor appetite for duration and potentially impacting future rate expectations. This could signal a change in market sentiment towards risk and rate policies in the Eurozone, warranting close attention in fixed income markets.