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Germany Gets Bids Exceeding Maximum Sales Target at Bund Auction

Germany Gets Bids Exceeding Maximum Sales Target at Bund Auction
The German national flag flies in front of the Reichstag, Germany's parliament building, in Berlin. Photographer: Michele Tantussi/Bloomberg

Nov. 21 (Bloomberg) -- 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 dgoodman28@bloomberg.net

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

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