German bund auction produces record-low yield

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German bund auction produces record-low yield
« on: April 11, 2012, 04:31:47 pm »
German bund auction produces record-low yield
11 April 2012
, by Sara Sjolin - London (MarketWatch)
http://www.marketwatch.com/story/germany-sells-387-bn-euros-at-record-low-yield-2012-04-11

The German government sold on Wednesday 3.87 billion ($5.07 billion) of 10-year government bunds in an auction that produced a record low yield of 1.77%.

The bid-to-cover ratio came in at 1.1%, according to Dow Jones Newswires.

In the secondary market, yields on 10-year German government bunds added 8 basis points to 1.71%.
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