Netherlands sells EUR 1.845bln vs exp. EUR 1.5–2bln 3.25% 2044 Green DSL: average yield 3.388% (prev. 3.176%)
Newsquawk Staff ·
Netherlands sells EUR 1.845bln vs exp. EUR 1.5–2bln 3.25% 2044 Green DSL: average yield 3.388% (prev. 3.176%)
What it means
The Netherlands' recent bond auction of EUR 1.845 billion fell well within the expected range, indicating stable demand. However, the average yield increased significantly, suggesting that investor sentiment may be shifting, potentially due to inflation concerns or changing interest rate expectations. This rise in yield could influence the broader fixed income market dynamics and impact rate sentiment as we move forward.
- Germany sells EUR 3.89bln (exp. 5.5bln) 2036 Bund: b/c 1.15x (prev. 1.16x), average yield 3.37% (prev. 3.58%), retention 29.3% (prev. 24.1%)
- US sells USD 70bln of 5-year notes; Tail 0.4bps
- Auction history: US is to sell USD 70bln in 5-year notes at 17:00GMT/13:00EDT
- Italy sells EUR 2.0bln (exp. 1.5-2.0bln) 3.00% 2028 BTP: b/c 1.72x (prev. 1.64x), average yield 3.55% (prev. 3.64%)
- UK sells GBP 4.5bln 4.625% 2032 Gilt: b/c 3.51x (prev. 3.07x), average yield 5.026% (prev. 4.84%), tail 0.3bps (prev. 0.4bps)
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