By Laura Contemori – ROME (Econostream) – The German Finance Agency (Finanzagentur) allotted €4.63 billion of a 2-year Federal Treasury note (Schatz) on Tuesday at a reopening auction of its 2.50% June 14, 2028 line.
Total bids reached €6.615 billion, including €3.565 billion of competitive bids and €3.050 billion of non-competitive bids.
The Schatz was issued at an average yield of 2.70% and a weighted average price of 99.588, with a bid-to-cover ratio of 1.4.
The retention quota amounted to €1.37 billion.
