Government bond auction · Finland
Finland 2040 RFGB ORI Auction
The Finland 2040 RFGB ORI Auction is a sale of new government debt by Finland's treasury or debt agency to investors.
- Importance
- Low
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Bank of Finland)
Latest figures
No results of this release are shown yet. They appear here as soon as they are published.
Why it matters
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
How it is calculated
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldWhat changes mean
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
A short history
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Questions
What is the Finland 2040 RFGB ORI Auction?
The Finland 2040 RFGB ORI Auction is a sale of new government debt by Finland's treasury or debt agency to investors.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.