FRANKFURT (MNI) – The German federal government sold E4.5 billion
in new 6-month bubills at a weighted average yield of 0.614%, the
Bundesbank announced Monday.
The weighted average yield was higher than the 0.4148% yield at the
last six-month auction September 13.
The average price of today’s auction was 99.69055 and the highest
accepted yield was 0.62%. All of the bids at the highest accepted yield
were accepted.
There were E8.025 billion in bids for the bubills, including E2.375
billion in non-competitive bids. All of the non-competitive bids were
accepted.
The bid/cover ratio (excluding retention) was 1.8, higher than the
1.7 b/c at the September auction. The government retained E500 million
of the issue , bringing total issue volume to E5 billion, as planned.
The bubills will settle on Wednesday, October 13, 2010 and mature
on April 13, 2011.
–Frankfurt Newsroom +49 69 72 01 42: email: fftmail@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
