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Germany Got Bids for Double the Maximum Target at Note Auction; Yield 0.9%

By Paul Dobson - 2012-01-11T10:36:18Z
Enlarge image Germany Got Bids for Double Maximum Target at Note Auction

Germany Got Bids for Double Maximum Target at Note Auction

Germany Got Bids for Double Maximum Target at Note Auction

Michele Tantussi/Bloomberg

The German national flag flies in front of the Reichstag, German's parliament building, in Berlin.

The German national flag flies in front of the Reichstag, German's parliament building, in Berlin. Photographer: Michele Tantussi/Bloomberg

Germany got bids for 8.97 billion euros of five-year notes at an auction today, more than double the maximum sales target of 4 billion euros, the Bundesbank said in a statement.

The 0.75 percent notes maturing in February 2017 were sold at an average yield of 0.90 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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