By Laura Contemori – ROME (Econostream) – The German Finance Agency (Finanzagentur) on Wednesday allotted €3.982 billion in a reopening of the 2.90% federal bond (Bund) due February 15, 2036.

The auction attracted €3.493 billion of price bids and €3.307 billion of non-competitive bids, resulting in a bid-to-cover ratio of 1.7.

The bond was allotted at a weighted average price of 98.68, corresponding to an average yield of 3.06%. The lowest accepted price was 98.67.

Non-competitive bids were allotted at a rate of 95%.

The reopening increased the size of the benchmark by €5 billion, to €42.5 billion from €37.5 billion.

The Federal Government retained €1.018 billion for its own account.

The value date is June 12, 2026.