By Laura Contemori – ROME (Econostream) – The German Finance Agency (Finanzagentur) allotted €3.834 billion of Federal bonds (Bunds) on Wednesday via the reopening of a 10-year line.
The reopening concerned the 2.90% Bund maturing February 15, 2036.
Total bids reached €5.744 billion, including €3.250 billion of competitive bids and €2.494 billion of non-competitive bids, resulting in a bid-to-cover ratio of 1.5.
The Bund was issued at a weighted average price of 98.52, corresponding to an average yield of 3.08%.
The retention quota was €1.166 billion, bringing the total increase to €5.000 billion and the total issue volume to €32.500 billion.
