By Laura Contemori – ROME (Econostream) – Germany's Finance Agency (Finanzagentur) on Tuesday allotted €3.857 billion in a reopening of its June 2028 federal treasury note (Schatz).

Total bids amounted to €6.100 billion, resulting in a bid-to-cover ratio of 1.6.

The 2.50% federal treasury note, due June 14, 2028, was allotted at a weighted average price of 99.817%, with the lowest accepted price at 99.815%.

The average yield was 2.59%.

Non-competitive bids totaled €2.845 billion and were allotted at a rate of 92%, while bids at the lowest accepted price were allotted in full.

The retention quota amounted to €1.143 billion.

Following the reopening, the Schatz’s outstanding volume increased to €17.0 billion from €12.0 billion.

The value date is June 4, 2026.