German 10y notes auction as released by the German central bank
- Sold EUR 2.43bn worth of bonds (expected EUR 3.00bn)
- Average yield of 0.41% vs 0.49% from previous auction on 2 August
- Bid-to-cover ratio of 1.3 vs 1.5 from previous auction on 2 August
German 10y bund yields are trading at 0.413% currently, after falling back below the 0.50% level at the start of the month.
