European Investor
10 Feb 2026, 13:47
European bond auctions showed mixed outcomes on Tuesday, with Germany and the UK moving in opposite directions on mid-term yields.
Germany’s 5-year Bobl auction cleared at an average yield of 2.400%, lower than the previous 2.470%, indicating solid demand and easing financing costs for Berlin.
In contrast, the UK’s 5-year Treasury Gilt auction saw yields rise to 4.001% from 3.821%, pointing to weaker demand and higher borrowing costs amid ongoing pressure on the British rates market.
Germany’s 5-year Bobl auction cleared at an average yield of 2.400%, lower than the previous 2.470%, indicating solid demand and easing financing costs for Berlin.
In contrast, the UK’s 5-year Treasury Gilt auction saw yields rise to 4.001% from 3.821%, pointing to weaker demand and higher borrowing costs amid ongoing pressure on the British rates market.