FRANKFURT (MNI) – The German federal government sold E4.005
billion of the 1.00%-coupon December 2012 two-year notes
(Schatzanweisung) at a minimum price of 100.14 the Bundesbank announced
Wednesday.
The weighted average price was 100.167. The average yield on the
sale was 0.92%, while the bid-cover ratio (excluding retention) stood at
1.1, lower than the 1.4 b/c at the last 2-year auction on November 11.
One hundred percent of bids at the minimum price were accepted. The
Bundesbank retained E995 million (or 17.9%) of the issue for its
open market operations, bringing the total tranche to E6 billion, as
expected.
There were a total of E4.575 billion in bids for today’s sale. The
bids included E2.325 billion in competitive bids and E2.005 billion in
non-competitive bids.
— Frankfurt Newsroom +49 69 72 01 42: email: frankfurt@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
