On the auction day of a Federal security, the allotment amounts are transmitted to the "Bund Bidding System" (BBS) for the members of the Bund Issues Auction Group immediately after the allotment decision. Immediately afterwards, the auction result is then published on capital market information systems as well as on this website. Furthermore, this overview also contains issue results from syndicates.
N: = New Issue, R = Reopening; Bund: Federal Bond with term of 7, 10, 15 or 30 years, Bund/€i: inflation-linked Federal bond, Bund/g: green Federal Bond with term of 10 or 30 years, Bobl: Five-year Federal note, Bobl/€i: inflation-linked Federal note, Schatz: Federal Treasury note, Bubill: Federal discount paper
(Weighted) Average price = Price weighted with the allocated volume, Average yield = Yield of the average price
Retention quote = Retained part of the issue volume, Bid-to-Cover Ratio = Ratio of offered and allocated volume,
Bid-to-Offer Ratio = Ratio of offered volume to issue volume