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FX/BondsIMPORTANT

Germany sells EUR 3.83bln vs exp. EUR 5bln 2.70% 2028 Schatz; b/c 1.49x (prev. 1.37x), average yield 2.85% (prev. 2.78%) & retention 23.4% (prev. 24.1%)

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Germany sold EUR 3.83 billion of 2028 Schatz at an average yield of 2.85% and a 1.49x bid-to-cover ratio, amid ongoing ECB interest rate hike expectations.

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