Germany sells EUR 3.811bln vs exp. EUR 5bln 2.50% 2031 Bobl: b/c 1.65x (prev. 1.41x), average yield 2.40% (prev. 2.47%), retention 23.8% (prev. 23.38%)

The German auction saw weaker demand than expected, raising only EUR 3.811 billion against an expectation of EUR 5 billion, though the bid-to-cover ratio improved significantly to 1.65x.

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Germany sells EUR 3.811bln vs exp. EUR 5bln 2.50% 2031 Bobl: b/c 1.65x (prev. 1.41x), average yield 2.40% (prev. 2.47%), retention 23.8% (prev. 23.38%)

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This could indicate reduced investor appetite for longer-duration debt, particularly as the average yield fell to 2.40%, down from 2.47%. Traders should monitor how this affects the broader yield curve and investor sentiment in the fixed income market.

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