Bund auction results: reasonably successful despite heavy supply in 10yr and high volatility of the mkt. B/C ratio of 1.7, premium vs stop was 5 cents. Almost EUR 0.9bn retained for
market operations. Tail 0.3.
Amount Bid 8.935
Amount Offered 5.11
Bid to Cover ratio / last 1.75 / 1.20
Average price / average yield 100.45 / 3.94
Low price / high yield 100.43 / 3.943
Mid price at bidding close 100.38
Premium vs low price / last 5.0 / 5.0
Premium vs average price 7.0
market operations. Tail 0.3.
Amount Bid 8.935
Amount Offered 5.11
Bid to Cover ratio / last 1.75 / 1.20
Average price / average yield 100.45 / 3.94
Low price / high yield 100.43 / 3.943
Mid price at bidding close 100.38
Premium vs low price / last 5.0 / 5.0
Premium vs average price 7.0