AUCTION PREVIEW: German EUR 2bln 1.25% 2048 Bund Auction

AUCTION PREVIEW: ECB’s 7-day USD op

Previously, the ECB alloted USD 35mln in their 7-day USD operation.

Results are normally published around 0950BST.

 

AUCTION PREVIEW: German EUR 2bln 1.25% 2048 Bund Auction

No directly comparable data.

Today sees Germany come to market with a longer-duration offering with analysts at IFR noting a rarity premium given the lack of longer-duration issuance from the Buba thus far this year. Analysts also note a noteworthy level of concession on offer given some of the recent downside seen in global paper but also highlight the richness of the line and competing issuance from core nations this week (Belgium and France).

Bids are submitted at 1030BST and results are published shortly after.

20 Sep 2017 - 06:55- Fixed IncomeResearch Sheet- Source: RANsquawk

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