---
source: Deutsche Finanzagentur
url: https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Institutionelle-investoren/auktionen/emissionsergebnisse_aktuell_en.pdf
document_type: pdf
date_retrieved: 2026-03-24
period: March 2026
parent_publication: Auction Results
indicators_covered: [5-Year Bobl Yield, Bid-to-Cover Ratio, Allotted Volume]
---

# 5-Year Bobl Auction Results, March 24, 2026

The Federal Republic of Germany (Deutsche Finanzagentur) conducted a reopening auction of the 2.50% Five-year Federal note (Bobl) maturing on April 16, 2031.

## Key Metrics

| Metric | Value |
|--------|-------|
| **ISIN** | DE000BU25067 |
| **Auction Date** | 2026-03-24 |
| **Average Yield** | 2.72% |
| **Bid-to-Cover Ratio** | 1.1 |
| **Weighted Average Price** | 98.97 |
| **Lowest Accepted Price** | 98.94 |
| **Total Bids (€ mn)** | 3,858 |
| **Competitive Bids (€ mn)** | 1,445 |
| **Non-Competitive Bids (€ mn)** | 2,413 |
| **Allotted Volume (€ mn)** | 3,548.00 |
| **Retention Quote (€ mn)** | 1,452.00 |

## Auction Summary

Today's auction saw a yield of **2.72%**, an increase from the **2.43%** recorded in the previous comparable Bobl auction on March 3, 2026. Demand was relatively thin, with a **bid-to-cover ratio of 1.1**, down from 1.2 in the prior auction. 

The issuance volume for this reopening was set at €5,000 million, with €3,548 million allotted to the market and €1,452 million retained for secondary market operations (retention quote).

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*Data extracted from official Deutsche Finanzagentur "Auction Results" report.*