Germany will hold its first ever three-tranche bond auction.

Germany's financial office will hold its first simultaneous auction of three government bonds on Wednesday. The bonds being issued will have maturity dates in July 2042, August 2052, and August 2056, with a total size of 3 billion euros. Hauke Siemssen from the research department of a German commercial bank stated in a report that the large supply, as well as syndicated trades in France and Ireland, may pose obstacles for German government bonds. The interest rate strategist said, "Considering the large supply wave, German government bonds are still performing well, but the market is facing sustained issuance pressure today." France is planning to launch a new 20-year French government bond, while Ireland will issue new 10-year bonds, both of which will be done through syndicated trades.