FRANKFURT (MNI) – The German federal government sold E1.715 billion
in new twelve-month bubills at a weighted average yield of 0.7492%, the
Bundesbank announced Monday.
The weighted average yield was lower than the 0.8716% yield at the
last twelve-month auction November 22.
The average price of today’s auction was 99.24817 and the highest
accepted yield was 0.7540%. The government accepted 100% of bids at the
highest accepted yield.
There were E5.735 billion in bids for the bubills, including E1
billion in non-competitive bids. The government accepted 100% of the
non-competitive bids.
The bid/cover ratio (excluding retention) was 3.3, matching the b/c
at the November 22 auction. The government retained E285 million of the
issue (or 14.3%), bringing total issue volume to E2 billion, as planned.
The bubills will settle on Wednesday, December 15 and mature on
December 14, 2011. This is Germany’s final planned auction of the year.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
