Germany Gets Bids for 103% of Bonds Offered at Auction
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Germany got bids for 5.14 billion euros ($6.69 billion) of bunds, exceeding the maximum target at a 10-year sale for the first time in three auctions, the Bundesbank said in a statement today.
The debt agency accepted bids for 4.06 billion euros of the 2 percent securities maturing in January 2022, out of a possible 5 billion euros on offer. The average yield was 1.93 percent and the weighted average price was 100.67 according to the statement.