FRANKFURT (MNI) – The German federal government sold E4.285 billion
in new six-month bubills at a weighted average yield of 0.5785%, the
Bundesbank announced Monday.
The weighted average yield was lower than the 0.7849% yield at the
last six-month auction November 8.
The average price of today’s auction was 99.70839% and the highest
accepted yield was 0.5850%. 100% of bids at the highest accepted yield
were accepted.
There were E8.810 billion in bids for the bubills, including E2.055
billion in non-competitive bids. 100% of the non-competitive bids were
accepted.
The bid/cover ratio (excluding retention) was 2.1, as compared to
the 1.1 b/c at the November 8 auction. The government retained E715
million of the issue, bringing total issue volume to E5 billion, as
planned.
The bubills will settle on Wednesday, December 8 and mature on June
8, 2011.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
