Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Germany Gets Bids for 103% of Bonds Offered at Auction

A German flag flies in front of the Bundesbank headquarters in Frankfurt. Photographer: Ralph Orlowski/Bloomberg
A German flag flies in front of the Bundesbank headquarters in Frankfurt. Photographer: Ralph Orlowski/Bloomberg

Jan. 4 (Bloomberg) -- 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.

On the previous two occasions that Germany auctioned 10-year debt, the nation failed to receive bids for the maximum amount on offer. At a sale of the 2022 bonds on Nov. 23, participants in the auction submitted bids for 64.8 percent of the target. The securities that day were sold at an average yield of 1.98 percent. Benchmark 10-year yields reached a record low 1.636 percent on Sept. 23.

“Today’s auction was not as bad as in late November but it clearly shows that dealers are very cautious in extending their long position in the super-rich German 10-year segment,” Annalisa Piazza, an economist at Newedge Group in London, wrote in an e-mailed note. Total bids were “just a touch higher than the total amount on tap.”

The 10-year bund pared a decline in the secondary market after the auction, leaving the yield little changed at 1.90 percent at 11:41 a.m. London time. The euro dropped 0.5 percent to $1.32984.

To contact the reporter on this story: Paul Dobson in London at

To contact the editor responsible for this story: Daniel Tilles at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.