Germany’s Finance Agency (Finanzagentur) successfully raised €3 billion through its 10-year bond auction on Wednesday, with the securities priced at an average yield of 2.67% and carrying a 2.60% coupon rate.
According to auction data, competitive bids amounted to €1.6 billion, while non-competitive bids totalled €3.2 billion, taking overall demand to €4.8 billion. This reflects a bid-to-cover ratio of 2, with a bid-to-offer ratio of 1.6, indicating solid investor appetite.
Following the auction, the yield on Germany’s benchmark 10-year bonds in the secondary market inched up 0.3 basis points to 2.6754% as of 11:56 am CET.
