Germany 10-Year Bond Auction comes in at 3.01%

The Germany 10-Year Bond Auction yield was reported at 3.01%. This compares to the previous auction’s yield of 3.13%. No consensus figure was available for this release.

Following the release, the Euro showed limited movement against major pairs in the initial 15 minutes. EURAUD declined 3.0 pips, EURCAD fell 3.4 pips, EURCHF was down 1.0 pips, and EURGBP decreased 0.7 pips. EURJPY saw a 4.5 pip drop, EURNZD was down 0.9 pips, and EURUSD declined 1.3 pips. These movements are small when compared to the typical 1-hour median moves observed after past Germany 10-Year Bond Auction releases. For instance, EURAUD has a median 1-hour move of 8 pips, EURCAD 7 pips, EURCHF 4 pips, EURGBP 5 pips, EURJPY 8 pips, EURNZD 9 pips, and EURUSD 6 pips.