--- source: Deutsche Finanzagentur url: https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Institutionelle-investoren/auktionen/emissionsergebnisse_aktuell_en.pdf document_type: pdf date_retrieved: 2026-03-16 period: March 2026 parent_publication: Auction Results (Federal Securities Issuance Results) indicators_covered: [2 Year Note Yield, Schatz Auction] --- # Auction Results ## Auction results table (verbatim text extraction) Auction Results No. Date ISIN Bond 1 Coupon 1 2026-01-05 DE000BU0E287 Bubill 1 2026-01-05 DE000BU0E345 Bubill 2 2026-01-06 DE000BU22114 Schatz 2.00% 3 2026-01-07 DE000BU2Z064 Bund 2.90% 4 2026-01-12 DE000BU0E311 4 2026-01-12 5 Maturity Maturitysegment Issuance volume (€ m) Type 2 Issuance process 6 Bids (€ m) Competitive Bids (€ m) Noncompetitive Bids (€ m) Allotted Volumes (€ m) Lowest accepted Price Weighted Average 1,080 1,400.00 99.46147 99.46174 1.988 Price 3 2026-04-15 12 M 2,000 R M-A 3,590 2,510 2026-10-14 12 M 2,000 R M-A 3,885 3,085 800 1,140.00 98.46299 98.46450 2027-12-16 2Y 6,000 R Auc 8,765 5,235 3,530 4,547.00 99.79 99.791 2036-02-15 10 Y 6,000 N Auc 5,875 1,885 3,990 4,542.10 100.58 Bubill 2026-07-15 12 M 2,000 R M-A 3,949 3,604 345 1,569.00 DE000BU0E360 Bubill 2027-01-13 12 M 3,000 N M-A 5,990 4,035 1,955 2026-01-13 DE000BU25067 Bobl 2.50% 2031-04-16 5Y 6,000 N Auc 6,483 2,745 6 2026-01-14 DE0001135432 Bund 3.25% 2042-07-04 30 Y 1,000 R M-A 799 6 2026-01-14 DE0001102572 Bund 0.00% 2052-08-15 30 Y 1,000 R M-A 6 2026-01-14 DE000BU2D012 Bund 2.90% 2056-08-15 30 Y 1,000 R 7 2026-01-19 DE000BU0E303 Bubill 2026-06-17 12 M 2,000 7 2026-01-19 DE000BU0E378 Bubill 2026-12-09 12 M 8 2026-01-21 DE000BU2F009 Bund 2.60% 2041-05-15 8 2026-01-21 DE000BU2D012 Bund 2.90% 9 2026-01-27 DE000BU22122 Schatz 2026-01-27 DE000BU2T000 10 2026-01-28 11 11 Average Yield (%) 4 Retention Quote (€ m) BidtoCoverRatio 5 600.00 2.6 2.005 860.00 3.4 2.11 1,453.00 1.9 100.60 2.83 1,457.90 1.3 99.00198 99.00595 1.986 431.00 2.5 2,465.00 98.01203 98.01398 2.004 535.00 2.4 3,738 4,596.60 100.16 100.16 2.47 1,403.40 1.4 255 544 700.92 100.17 100.23 3.23 299.08 1.1 1,235 526 709 809.37 40.56 40.58 3.45 190.63 1.5 M-A 1,722 537 1,185 822.45 89.69 89.70 3.45 177.55 2.1 R M-A 3,992 3,120 872 1,522.00 99.19638 99.19678 1.983 478.00 2.6 3,000 N M-A 6,305 4,930 1,375 2,105.00 98.24514 98.24773 1.994 895.00 3.0 15 Y 1,000 R M-A 2,024 805 1,219 776.03 92.51 92.52 3.23 223.97 2.6 2056-08-15 30 Y 1,000 R M-A 1,897 605 1,292 785.56 88.89 88.95 3.49 214.44 2.4 2.10% 2028-03-15 2Y 6,000 N Auc 9,777 4,060 5,717 4,632.65 99.925 99.925 2.14 1,367.35 2.1 Bund 3.40% 2047-05-15 20 Y 6,500 N Syn 99.921 3.404 1,000.00 DE000BU2Z064 Bund 2.90% 2036-02-15 10 Y 6,000 R Auc 7,606 3,851 3,755 4,604.40 100.43 100.44 2.85 1,395.60 1.7 2026-02-02 DE000BU0E295 Bubill 2026-05-13 12 M 2,000 R M-A 5,560 4,235 1,325 1,625.00 99.46254 99.46254 1.985 375.00 3.4 2026-02-02 DE000BU0E352 Bubill 2026-11-18 12 M 2,000 R M-A 6,460 5,085 1,375 1,660.00 98.43985 98.44062 1.987 340.00 3.9 12 2026-02-03 DE000BU3Z047 Green 2.50% 2035-02-15 10 Y 1,500 R Auc 2,719 1,070 1,649 1,353.87 97.73 97.74 2.79 146.13 2.0 13 2026-02-04 DE000BU27014 Bund 2.50% 2032-11-15 7Y 4,000 R Auc 4,819 2,625 2,194 3,196.62 99.34 99.35 2.60 803.38 1.5 14 2026-02-09 DE000BU0E311 Bubill 2026-07-15 12 M 2,000 R M-A 4,745 3,745 1,000 1,925.00 99.1618 99.16180 1.976 75.00 2.5 14 2026-02-09 DE000BU0E360 Bubill 2027-01-13 12 M 2,000 R M-A 4,867 3,927 940 1,677.00 98.18193 98.18373 1.982 323.00 2.9 5,500.00 Auction Results No. Date ISIN Bond 1 Coupon Maturity Maturitysegment Issuance volume (€ m) Type 2 Issuance process 6 Bids (€ m) BidtoCover- Competitive Bids (€ m) Noncompetitive Bids (€ m) Allotted Volumes (€ m) Lowest accepted Price Weighted Average 3,811.05 100.48 100.48 2.40 1,188.95 1.7 Price 3 Average Yield (%) 4 Retention Quote (€ m) Ratio 5 15 2026-02-10 DE000BU25067 Bobl 2.50% 2031-04-16 5Y 5,000 R Auc 6,297 2,752 3,545 16 2026-02-11 DE000BU2D004 Bund 2.50% 2054-08-15 30 Y 1,000 R M-A 1,157 615 542 749.48 82.63 82.67 3.47 250.52 1.5 16 2026-02-11 DE000BU2D012 Bund 2.90% 2056-08-15 30 Y 1,500 R M-A 1,893 931 962 1,160.42 89.25 89.26 3.47 339.58 1.6 17 2026-02-16 DE000BU0E329 Bubill 2026-08-19 12 M 2,000 R M-A 4,615 3,520 1,095 1,600.00 99.01041 99.01140 1.975 400.00 2.9 17 2026-02-16 DE000BU0E386 Bubill 2027-02-17 12 M 3,000 N M-A 5,155 3,405 1,750 2,375.00 98.03243 98.03243 1.985 625.00 2.2 18 2026-02-17 DE000BU22122 Schatz 2.10% 2028-03-15 2Y 6,000 R Auc 8,147 3,935 4,212 4,590.24 100.15 100.152 2.02 1,409.76 1.8 19 2026-02-18 DE000BU2Z064 Bund 2.90% 2036-02-15 10 Y 5,500 R Auc 6,197 2,898 3,299 4,238.07 101.43 101.44 2.73 1,261.93 1.5 20 2026-02-25 DE0001102598 Bund 1.00% 2038-05-15 15 Y 1,000 R M-A 1,592 590 1,002 821.04 80.38 80.39 2.93 178.96 1.9 20 2026-02-25 DE000BU2F009 Bund 2.60% 2041-05-15 15 Y 1,000 R M-A 2,299 850 1,449 853.17 94.07 94.08 3.09 146.83 2.7 21 2026-03-02 DE000BU0E303 Bubill 2026-06-17 12 M 2,000 R M-A 5,085 3,600 1,485 1,835.00 99.42726 99.42726 1.975 165.00 2.8 21 2026-03-02 DE000BU0E378 Bubill 2026-12-09 12 M 2,000 R M-A 4,460 3,115 1,345 1,705.00 98.47808 98.47808 1.987 295.00 2.6 22 2026-03-03 DE000BU25067 Bobl 2.50% 2031-04-16 5Y 5,000 R Auc 4,569 1,635 2,934 3,825.32 100.3 100.31 2.43 1,174.68 1.2 2026-03-03 DE000BU2F009 Bund 2.60% 2041-05-15 15 Y 1,000 R OH 2026-03-03 DE000BU3F007 Green 2.60% 2041-05-15 15 Y 4,000 N Syn 23 2026-03-04 DE000BU3Z005 Green 2.30% 2033-02-15 10 Y 1,000 R Auc 1,690 890 800 960.00 24 2026-03-09 DE000BU0E329 Bubill 2026-08-19 12 M 2,000 R M-A 1,373 990 383 24 2026-03-09 DE000BU0E386 Bubill 2027-02-17 12 M 2,000 R M-A 3,738 2,160 25 2026-03-10 DE000BU22122 Schatz 2.10% 2028-03-15 2Y 5,000 R Auc 6,214 26 2026-03-11 DE000BU2Z064 Bund 2.90% 2036-02-15 10 Y 5,000 R Auc 4,511 172,056 Sum: 124,000 1,000.00 3,000.00 93.552 3.140 1,000.00 98.58 98.58 2.53 40.00 1.8 583.00 99.06079 99.06299 2.115 1,417.00 2.4 1,578 989.00 97.87112 97.87477 2.279 1,011.00 3.8 2,310 3,904 3,871.08 99.67 99.674 2.27 1,128.92 1.6 1,960 2,551 3,811.00 100.02 100.05 2.89 1,189.00 1.2 98,631 73,425 94,733.44 Sources: Federal Republic of Germany - Finance Agency, Deutsche Bundesbank 1 Bund = Federal bond, Bobl = Five-year Federal note, Schatz = Federal Treasury note, Bubill = Federal discount paper, Green = Green Federal security, ILB = inflation linked Federal bond or note 1.8 Auction Results 2 3 4 5 6 N = new issue, R = reopening calculated from volume weighted prices of allotted bids yield of average price relation between total bidding volume and total allotted volume Auc = Auction, Syn = Syndicate, M-A = Multi-ISIN, OH = Tap into own holdings