Barclays on German Bund auction:

Germany auctions EUR 3bln DBR Aug 27 this morning. In outright terms after hitting two month lows last week 10y bund yields have sold off just over 10bps. In RV terms the bond trades just under 2.67bps cheap vs. DBR Feb 27 in ASW terms; towards the cheaper end compared with the recent rolls. Cross market, since end-August 10y Germany has cheapened 12bps against France, 4.5bps against Holland, 13bps vs. Belgium and 8bps vs. Austria, leaving spreads at 3m tights and for RAGB Jul 27 close to flat in yield terms.

15 Nov 2017 - 07:54- Fixed Income- Source: Barclays

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: