Auction results

The allotted amounts are published in the Bund Bidding System (BBS) for the members of the Bund Issues Auction Group on the day of the auction immediately after the allotment decision has been made. Directly thereafter, the auction results are published on the usual capital market information systems and on this website.

The latest ten Auction results

Date Bond Coupon Maturity segment Lowest accepted price Average price Average yield
18.10.2017 Bund (R)
DE0001102432
1.25 % 30 Y 100.66 100.66 1.22 %
Competitive bids | Non-competitive bids:
439 € m
896 € m
Overall bids:
1,335 € m
Issuance volume:
1,000 € m
Alloted volume | Retention quote:
807.4 € m
192.6 € m
Bid-to-Cover ratio:
1.65
Bid-to-Offer ratio:
1.34
17.10.2017 Schatz (R)
DE0001104693
0.00 % 2 Y 101.43 101.435 -0.75 %
Competitive bids | Non-competitive bids:
2,335 € m
1,888 € m
Overall bids:
4,223 € m
Issuance volume:
4,000 € m
Alloted volume | Retention quote:
3,220.4 € m
779.6 € m
Bid-to-Cover ratio:
1.31
Bid-to-Offer ratio:
1.06
11.10.2017 Bobl (R)
DE0001141760
0.00 % 5 Y 101.32 101.32 -0.26 %
Competitive bids | Non-competitive bids:
1,561 € m
2,959 € m
Overall bids:
4,520 € m
Issuance volume:
3,000 € m
Alloted volume | Retention quote:
2,395.4 € m
604.6 € m
Bid-to-Cover ratio:
1.89
Bid-to-Offer ratio:
1.51
10.10.2017 iBund (R)
DE0001030567
0.10 % 10 Y 110.16 110.18 -1.04 %
Competitive bids | Non-competitive bids:
975 € m
541 € m
Overall bids:
1,516 € m
Issuance volume:
1,000 € m
Alloted volume | Retention quote:
799 € m
201 € m
Bid-to-Cover ratio:
1.90
Bid-to-Offer ratio:
1.52
09.10.2017 Bubill (N)
DE0001137701
- 6 M 100.3679 100.37153 -0.7322 %
Competitive bids | Non-competitive bids:
1,405 € m
870 € m
Overall bids:
2,275 € m
Issuance volume:
2,000 € m
Alloted volume | Retention quote:
1,015 € m
985 € m
Bid-to-Cover ratio:
2.24
Bid-to-Offer ratio:
1.14
04.10.2017 Bund (R)
DE0001102424
0.50 % 10 Y 100.53 100.53 0.44 %
Competitive bids | Non-competitive bids:
886 € m
2,867 € m
Overall bids:
3,753 € m
Issuance volume:
3,000 € m
Alloted volume | Retention quote:
2,413.55 € m
586.45 € m
Bid-to-Cover ratio:
1.55
Bid-to-Offer ratio:
1.25
26.09.2017 Schatz (R)
DE0001104693
0.00 % 2 Y 101.42 101.42 -0.72 %
Competitive bids | Non-competitive bids:
3,335 € m
2,502 € m
Overall bids:
5,837 € m
Issuance volume:
4,000 € m
Alloted volume | Retention quote:
3,191.7 € m
808.3 € m
Bid-to-Cover ratio:
1.83
Bid-to-Offer ratio:
1.46
20.09.2017 Bund (N)
DE0001102432
1.25 % 30 Y 99.40 99.41 1.27 %
Competitive bids | Non-competitive bids:
1,049 € m
1,883 € m
Overall bids:
2,932 € m
Issuance volume:
2,000 € m
Alloted volume | Retention quote:
1,630.6 € m
369.4 € m
Bid-to-Cover ratio:
1.80
Bid-to-Offer ratio:
1.47
13.09.2017 Bund (R)
DE0001102424
0.50 % 10 Y 101.03 101.06 0.39 %
Competitive bids | Non-competitive bids:
972 € m
2,875 € m
Overall bids:
3,847 € m
Issuance volume:
3,000 € m
Alloted volume | Retention quote:
2,446.25 € m
553.75 € m
Bid-to-Cover ratio:
1.57
Bid-to-Offer ratio:
1.28
12.09.2017 iBund (R)
DE0001030575
0.10 % 30 Y 113.83 113.93 -0.36 %
Competitive bids | Non-competitive bids:
295 € m
212 € m
Overall bids:
507 € m
Issuance volume:
500 € m
Alloted volume | Retention quote:
357 € m
143 € m
Bid-to-Cover ratio:
1.42
Bid-to-Offer ratio:
1.01

Legend

Type
(N) = New Issue
(R) = Reopening

Bond
Bund: Federal bond with maturity of 10 or 30 years
iBund: inflation linked five-year Federal note
iBobl: inflation linked Federal bond
Bobl: five-year Federal note
Schatz: two-year Federal Treasury note
Bubill: Treasury discount paper with maturity of 6 or 12 months

(Weighted) average price
Price weighted with allotted volume

Average yield
Yield of average price

Retention quote
Amount retained from issuance volume

Bid-to-Cover ratio
Ratio of bidding and allotted volume

Bid-to-Cover ratio
Ratio of bidding and issuance volume

Current and historic auction results since 2005

Auction results 2017 (PDF)
Auction results 2017 (XLS)
Auction results 2005 - 2016 (XLS)