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Germany Auctions 10-Year Bonds Drawing Record-Low Yield of 1.28%

Germany allotted 3.35 billion euros of 10-year bunds at an average yield of 1.28 percent, the lowest on record, data from the Bundesbank showed.

Investors bid for 5.23 billion euros of the securities, compared with a maximum sales target of 4 billion euros, according to the data.