Euro Rates Watch: Dutch 10y bond auction could be new milestone

by: Kim Liu

 

  • Tomorrow, the DSTA will reopen its 10y benchmark bond for the second time
  • The Dutch deal will compete for investor demand as supply in 10y is abundant this week
  • After the sale, year-to-date funding will increase to over 60% of the target
  • Since the launch, the 10y Dutch bond has outperformed its German counterpart
  • The DSTA could sell the bond at a negative yield which would be a new milestone
  • The 10y bond looks attractive versus comparable semi core bonds and in asset swap

 

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