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German 10-Year Government Bonds Stay Lower After Sale of Additional Debt

German 10-year bonds stayed lower after the country sold additional securities.

The yield on the 2 percent security due January 2022 was four basis points, or 0.04 percentage point, higher at 1.94 percent at 10:38 a.m. London.

Germany sold 4.06 billion euros of bonds, after getting bids for 5.14 billion, more than the maximum sales target of 5 billion euros, the Bundesbank said in a statement today. They were sold at an average yield of 1.93 percent.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

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

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