Germany got bids exceeding its maximum sales target at an auction of 10-year government bonds.
Investors bid for 4.908 billion euros of the securities, versus the 4 billion-euro target, the Bundesbank said today in a statement. The bunds were sold to yield 1.40 percent, down from 1.56 percent at the last auction of similar-maturity debt on Oct. 24.
To contact the reporter on this story: David Goodman in London at email@example.com
To contact the editor responsible for this story: Paul Dobson at firstname.lastname@example.org