News Headline Summary

Germany sells EUR 4.007bln 1.50% 2023 (new line) b/c 1.7 vs. Prev. 1.50, average yield 1.56% vs. Prev. 1.40%

- Retention of 19% vs. Prev. 18.7%

Update details:

- Highest yield since October 24th.
- The strongest b/c of any new 10-year auctions since May 2009.

Reaction details:

- German 2/10s off earlier highs from 145.4029 to 144.5289 after the supply from Buba was absorbed. Mar-Bund trades near session highs at 143.41 last (+11ticks).

Print 10:33, 16 Jan 2013 - Fixed Income - Source: Newswires