Germany sells EUR 4.59bln vs exp. EUR 6.0bln 2.10% 2028 Schatz: b/c 1.77x (prev. 2.1x), average yield 2.02% (prev. 2.14%), retention 23.5% (prev. 22.8%)

Germany sells EUR 4.59bln vs exp. EUR 6.0bln 2.10% 2028 Schatz: b/c 1.77x (prev. 2.1x), average yield 2.02% (prev. 2.14%), retention 23.5% (prev. 22.8%)

Germany's recent auction of Schatz bonds saw weaker demand than anticipated, with a bid-to-cover ratio declining from 2.1x to 1.77x, indicating a less enthusiastic reception from investors. The average yield also fell slightly, suggesting that while there was ample supply, appetite might be waning, which could have broader implications for rate expectations and risk sentiment across the European fixed income landscape.