Germany sells EUR 4.633bln vs exp. EUR 6bln 2.10% 2028 Schatz: b/c 2.1x, average yield 2.14%, retention 22.8%

Germany sells EUR 4.633bln vs exp. EUR 6bln 2.10% 2028 Schatz: b/c 2.1x, average yield 2.14%, retention 22.8%.

Germany's recent auction of EUR 4.633 billion in 2028 Schatz bonds, falling short of the expected EUR 6 billion, indicates weaker demand despite a decent bid-to-cover ratio of 2.1x. The average yield of 2.14% points to a slightly bullish sentiment in the market, but the lower sale size suggests some caution among investors, which could impact the broader rate outlook and investor sentiment in the fixed income space.