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German 2-Year Note Auction Yield Positive, First Time Since June

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German 2-Year Note Auction Yield Positive, First Time Since June
The German national flag flies in front of the Reichstag, German's parliament building, in Berlin. Photographer: Michele Tantussi/Bloomberg

Sept. 19 (Bloomberg) -- Germany sold two-year notes with a positive yield for the first time since June 20.

The nation auctioned the securities at an average yield of 0.06 percent, the Bundesbank said in a statement today, up from zero at the previous sale on Aug. 22. It got bids for 8.446 billion euros, exceeding the maximum sales target of 5 billion euros.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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