Germany Sells $5.3 Billion of Government Bonds

Wednesday, 04 Jan 2012 09:38 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Germany sold 4.06 billion euros ($5.3 billion) of government bonds on Wednesday, drawing greater demand from investors than at the bond's launch in November.

The auction received bids worth 1.3 times the amount allotted to investors, compared with 1.1 percent at the previous sale.

The average yield was 1.93 percent, compared with 1.98 percent last time November's launch of the January 2022 bond was one of the worst German debt auctions on record.

"Much better than November's auction, but not particularly great either," Peter Chatwell, Rate Strategist at Credit Agricole said.

"Technically the auction was covered (5.14 billion euros for a 5 billion euro auction) but the average price of 100.62 in this morning's 100.58-101.08 range is not that great, coming in very close to the lows," he added.

© 2014 Thomson/Reuters. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

NY Gov. Cuomo Signs Law to Rig Electoral College

Wednesday, 16 Apr 2014 22:54 PM

The campaign to effectively end the Electoral College's role in presidential elections has received an additional boost  . . .

Conservative Editor: GOP Problem With Hispanics Is Within Party

Wednesday, 16 Apr 2014 19:40 PM

Jeb Bush called illegal immigration an "act of love." Rand Paul said the Republican Party needs to get "beyond deportati . . .

Paul, Rubio Lead Potential Republican 2016 Contenders in Spending

Wednesday, 16 Apr 2014 19:29 PM

Groups supporting Senators Rand Paul and Marco Rubio lead the pack of potential Republican presidential candidates in sp . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved