The auction of German government bonds has closed successfully. The German Finance Agency, in fact, placed 3,279 billion 5-year bonds (Bobl) in the morning with yields significantly down on the previous placement, at 0,63% against 0,90%. The relationship between supply and demand has remained unchanged compared to last January's auction, to 1,7.
Germany: Bobl auction, yields drop
In the morning, the German Finance Agency placed securities maturing in February 2019 for a total amount of 3,279 billion euros - Yields down sharply compared to the January auction, to 0,63% against 0,90%.