Wednesday's Bund auction should go well, says KBC, but it is unlikely to affect overall trading in the bund market, the bank adds. Its analysts add that the slightly higher yield and recent rather 'risk-off' climate might be positive. Germany will auction EUR5 billion of the 1.50% September 2022 Bund, with results at 0930 GMT. This Bund was trading at a yield of 1.524% at 0722 GMT, according to Tradeweb, up from an average yield of 1.42% at the previous auction Sept. 5, which was technically uncovered.
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