Germany EUR

Germany 9-Month Bubill Auction

Impact:
Low

Latest Release:

Date:
Actual:
1.8059%
Forecast:
Previous/Revision:
1.8162%
Period:

Next Release:

Date:
Period:
What Does It Measure?
The Germany 9-Month Bubill Auction measures the demand for German Treasury bills with a maturity of nine months. It primarily assesses investor confidence and liquidity in the short-term financing market, reflecting key indicators such as the yield offered and the bid-to-cover ratio.
Frequency
This auction occurs on a regular basis, typically every month, with the results being a preliminary estimate released shortly after the auction concludes.
Why Do Traders Care?
Traders view the Bubill Auction as an essential indicator of market sentiment towards German fiscal health and broader economic conditions. Strong demand and lower yields often suggest confidence in the German economy, which can influence the Euro (EUR), government bonds, and overall stock market performance positively.
What Is It Derived From?
The auction results are derived from bids submitted by financial institutions, investors, and other market participants. The data collection involves recording the number of bids received and the amounts offered versus the total amount issued, resulting in a bid-to-cover ratio that indicates demand strength.
Description
Preliminary reports from the auction provide early estimates of the auction results, indicating initial market sentiment, while final reports may include slight revisions that reflect post-auction analyses. The month-over-month reporting method is typically utilized as it allows for comparison with the previous auction, helping to highlight short-term market shifts and investor behavior.
Additional Notes
The Bubill Auction serves as a leading economic measure, often predicting future funding costs and influencing bond market dynamics. It also plays a role in shaping monetary policy expectations as central banks analyze auction results for insights on market liquidity.
Bullish or Bearish for Currency and Stocks
Higher than expected demand: Bullish for EUR, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
1.8059%
1.8162%
1.8162%
1.8829%
1.8829%
1.7891%
1.7891%
2.1052%
2.1052%
2.1022%
2.1022%
2.223%
2.223%
2.6028%
2.6028%
2.6779%
2.6779%
2.8838%
2.8838%
2.999%
2.999%
3.3021%
3.3021%
3.4529%
3.4529%
3.473%
 
3.473%
3.473%
3.523%
3.523%
3.463%
3.463%
3.512%
3.512%
3.634%
3.634%
3.699%
3.699%
3.736%
3.736%
3.615%
3.615%
3.58%
3.58%
3.6313%
3.6313%
3.3429%