FRANKFURT (MNI) – The German federal government sold E4.23 billion
new 6-month bubills at a weighted average yield of 0.2631%, the
Bundesbank announced Monday.
The weighted average yield was lower than the 0.4198% yield at the
last six-month auction April 12.
The average price of today’s auction was 99.86717 and the highest
accepted yield was 0.29%. The Federal Financing Agency accepted 100% of
bids at the highest accepted yield.
There were E7.225 billion in bids for the bubills, including E2.395
billion in non-competitive bids. The Financing Agency accepted 100% of
the non-competitive bids.
The bid/cover ratio (excluding retention) was 1.7, lower than the
2.2 b/c at the April 12 auction. The government retained E770 million of
the issue, bringing total issue volume to E5 billion, as planned.
The bubills will settle on May 12 and mature on November 10, 2010.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
