By Laura Contemori – ROME (Econostream) – Germany’s Finance Agency (Finanzagentur) on Wednesday allotted €2.107 billion in a dual reopening auction of federal bonds (Bunds) with maturities in 2047 and 2053.

The first line was the 3.40% Bund due May 15, 2047. Finanzagentur raised €971 million from total bids of €2.117 billion, implying a bid-to-cover ratio of 2.2.

The weighted average price stood at 99.94%, with an average yield of 3.40%. The lowest accepted price was 99.92%, with competitive bids at that level allotted 53%, while non-competitive bids were filled at 48%. The government retained €29.1 million from the €1 billion increase, raising the outstanding volume to €9.5 billion.

The second was the 1.80% Bund due August 15, 2053, in which the agency allotted €1.136 billion against total bids of €1.447 billion, resulting in a bid-to-cover ratio of 1.3.

The weighted average price was 70.71%, corresponding to an average yield of 3.49%. The lowest accepted price was 70.69%, with bids at that level and non-competitive bids allotted in full. The federal government retained €364 million from the €1.5 billion increase, bringing the total outstanding volume to €35 billion.

The value date for both securities is June 19, 2026.