By Laura Contemori – ROME (Econostream) – Germany's Finance Agency (Finanzagentur) on Monday raised a total of €4.658 billion through a dual auction of Treasury discount papers (Bubills).

The agency allotted €2.768 billion of the new June 2026 Bubill maturing on June 16, 2027, resulting in a bid-to-cover ratio of 1.6. The weighted average accepted yield was 2.478%, corresponding to an average price of 97.55571%. The retention quota for the Federal Government’s own account was €232 million and the issue volume amounted to €3 billion.

Finanzagentur also reopened the January 2026 Bubill maturing on December 9, 2026, with a remaining maturity of about six months. The auction attracted €2.310 billion of bids, of which €1.890 billion was allotted. The weighted average yield came to 2.331%, with an average price of 98.87957%. The bid-to-cover ratio was 1.2. The federal government retained €110 million from the €2 billion increase (to €7 billion from €5 billion).

The value date for both transactions is June 17, 2026.