The Bundesbank placed 4 billion two-year bonds, less than the 5 billion expected – The average yield stood at zero percent – In the last auction, interest was negative (-0,06%) – Good demand: bid /cover equal to 1,5, less than the 2 recorded in July.
The auction of German government bonds did not go well. The Bundesbank placed 4,083 billion Schatz every two years, less than the 5 billion provided by the Berlin Treasury.
The yield increased to zero percent, against -0,06% in the last July auction. There demand was good, accounting for 1,5 times the quantity offered, but down from the bid-to-cover of 2 July.
The Frankfurt Stock Exchange accelerates in the red, losing 0,77% to 7.034,58. The Btp-Bund spread remains at 410 basis points.
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