Germany Allots €864 Million of 2.6% 2041 Bunds at 3.57% Yield; Bid-to-Cover Falls to 1.33

Germany reportedly allotted €864 million of its 2.6% federal bonds maturing in 2041. The bid-to-cover ratio declined to 1.33 from 2.0 previously, indicating weaker demand relative to the previous auction. The average yield increased to 3.57% from 3.50%, suggesting investors required a higher return to hold the debt.