Germany sells EUR 3.825bln vs exp. EUR 5.0bln 2.50% 2031 Bobl: b/c 1.19x (prev. 1.65x), average yield 2.43% (prev. 2.40%), retention 23.5% (prev. 23.8%)

Germany sells EUR 3.825bln vs exp. EUR 5.0bln 2.50% 2031 Bobl: b/c 1.19x (prev. 1.65x), average yield 2.43% (prev. 2.40%), retention 23.5% (prev. 23.8%)

Germany's recent bond auction missed expectations, raising only EUR 3.825 billion versus the anticipated EUR 5 billion, and saw lower demand with a bid-to-cover ratio of 1.19x compared to 1.65x previously. The slight increase in yield to 2.43% signals a marginal rise in borrowing costs, indicating a potential shift in investor appetite for sovereign debt and could dampen sentiment in the fixed income market.