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-2012-04-11The 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%