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Germany Gets Bids Exceeding Maximum Sales Target at Five-Year Note Auction

Germany got bids for 8.67 billion euros ($11.6 billion) of five-year notes at an auction today, more than the maximum sales target of 5 billion euros, the Bundesbank said in a statement today.

The notes were sold to yield 1.11 percent.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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