FRANKFURT (MNI) – The German federal government sold E4.03 billion
new 6-month bubills at a weighted average yield of 0.4198%, the
Bundesbank announced Monday.
The weighted average yield was higher than the 0.376% yield at the
last six-month auction March 15.
The average price of today’s auction was 99.78822 and the highest
accepted yield was 0.424%. The Federal Financing Agency accepted 100%
of bids at the highest accepted yield.
There were E8.755 billion in bids for the bubills, including
E2.83 billion in non-competitive bids. The Financing Agency accepted
100% of the non-competitive bids.
The bid/cover ratio (excluding retention) was 2.2, lower than the
2.5 b/c at the March 15 auction. The government retained E970 million of
the issue, bringing total issue volume to E5 billion, as planned.
The bubills will settle on XXX and mature on October 13, 2010.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
