German Bonds Rise as 10-Year Auction Achieves Record-Low Yield
- Euro-zone debt rally sees Spain’s 10-year yield set new low
- There’s also a ‘spillover’ from BOE QE program, ING says
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German government bonds rose as the nation sold 10-year debt at a record-low yield.
The bunds were allotted at a yield of minus 0.09 percent, surpassing the previous all-time low of minus 0.05 percent at an auction on July 13. Securities climbed across the euro region on the prospect of looser monetary policy by the European Central Bank, with 10-year Spanish yields setting fresh lows.