Thursday October 1, 2020

German bund sale failure reflects hesitancy ahead of ECB meeting

Germany’s auction of 10-year bonds today that failed to achieve its sales target of €5 billion reflects investors’ hesitancy before the ECB, said a German official.

5th September, 2012
Today's auction was the third time this year that bids for German sovereigns have failed to match the volume on offer.

Germany’s auction of 10-year bonds today that failed to achieve its sales target of €5 billion reflects investors’ hesitancy before the European Central Bank tomorrow announces its interest-rate decision, Federal Finance Agency spokesman Joerg Mueller said in an interview.

The auction result, the third time this year that bids for German sovereigns have failed to match the volume on offer, “doesn’t mark a turning point but is a temporary phenomenon in a...

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