Germany sells EUR 4.282bln vs exp. EUR 6bln 2.50% 2028 Schatz: b/c 1.7x & avg. yield 2.47%
The German Schatz auction saw a smaller issuance than expected, with EUR 4.282 billion sold compared to an anticipated EUR 6 billion.
Jefferies' Toomey believes the recent stock market relief rally may have peaked, Business Insider reports
Newsquawk Daily US Opening News - 21st April 2026
Germany sells EUR 4.282bln vs exp. EUR 6bln 2.50% 2028 Schatz: b/c 1.7x & avg. yield 2.47%
Russia's Kremlin, on the potential resumption of flows via Druzhba, said Russia is technically ready but there was "blackmail from Kyiv"; denies Reuters report that Russia will halt Kazakhstan oil flows to German
"US delegation expected in Pakistan for peace talks", CNN reports; sources suggest that VP Vance is to depart later today
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The bid-to-cover ratio of 1.7x indicates decent demand, but the average yield of 2.47% suggests that investors remain cautious about the duration amid rising interest rates. This could signal a tightening in appetite for sovereign debt, potentially influencing yield curves and broader market sentiment.
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