Auction Bot: 7 billion annual bonds allocated with negative yields (-0.477%) but slightly up

Widely negative returns for annual Bots. In today’s Bot auction, the Treasury placed 7 billion euros of annual government bonds maturing on 14 September 2022. The demand came close to 10 billion with a bid-to-cover ratio of 1.42. The average award yield was -0.477%, up 4 basis points from the auction a month ago.