FRANKFURT (MNI) – The German federal government sold E2.900 billion
in new twelve-month bubills at a weighted average yield of 0.8716%, the
Bundesbank announced Monday.
The weighted average yield was higher than the 0.8521% yield at the
last twelve-month auction October 25.
The average price of today’s auction was 99.12641 and the highest
accepted yield was 0.8740%. 75% of bids at the highest accepted yield
were accepted.
There were E9.525 billion in bids for the bubills, including E1.100
billion in non-competitive bids. 100% of the non-competitive bids were
accepted.
The bid/cover ratio (excluding retention) was 3.3, higher than the
1.8 b/c at the October 25 auction. The government retained E100 million
of the issue (or 3.3%), bringing total issue volume to E3 billion, as
planned.
The bubills will settle on Wednesday, November 24 and mature on
November 23, 2011.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
