Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

German Bunds Extend Drop as ECB Allots EU489 Bn in 3-Year Loans

Dec. 21 (Bloomberg) -- German government bonds extended their drop as the European Central Bank said it allotted 489 billion euros ($644 billion) in three-year loans to banks.

Ten-year German yields advanced seven basis points to 2.03 percent at 10:26 a.m. London time. Two-year note yields rose two basis points to 0.24 percent.

French 10-year bonds rose, pushing the yield down three basis points to 3.08 percent.

The Frankfurt-based ECB awarded 489 billion euros in 1,134-day loans, more than economists’ median estimate of 293 billion euros in a Bloomberg News survey. The ECB said 523 banks asked for the funds, which will be lent at the average of its benchmark rate, currently 1 percent, over the period of the loans. They start tomorrow.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.