FRANKFURT (MNI) – The German federal government sold E4.968 billion
in new 6-month bubills at a weighted average yield of 0.7849%, the
Bundesbank announced Monday.
The weighted average yield was higher than the 0.614% yield at the
last six-month auction October 11.
The average price of today’s auction was 99.6048 and the highest
accepted yield was 0.800%. A total of 85% of the bids at the highest
yield were accepted.
There were E5.545 billion in bids for the bubills, including E1.075
billion in non-competitive bids. All of the non-competitive bids were
accepted.
The bid/cover ratio (excluding retention) was 1.1, lower than the
1.8 b/c at the Octoberber auction. The government retained E32 million
of the issue , bringing total issue volume to E5 billion, as planned.
The bubills will settle on Wednesday, November 10, 2010 and mature
on May 11, 2011.
–Frankfurt Newsroom +49 69 72 01 42: email: fftmail@marketnews.com–
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
