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Author Topic: German bund auction produces record-low yield  (Read 355 times)
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« on: April 11, 2012, 02:31:47 PM »

German bund auction produces record-low yield
11 April 2012
, by Sara Sjolin - London (MarketWatch)

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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