Wednesday, 12 September 2012

Bunds Stay Down After Bobl Sale


Bunds stay down after Bobl sale that just about went through after last week's technically uncovered sale of the 10-year Bund. Germany sells EUR3.972B of 5-year bonds with the auction attracting EUR5.47B in bids. The recent underperformance of 5-yeear German notes was reflected in the average yield, which climbed to 0.61% from 0.31% at the previous sale. December Bunds are down 0.76 at 139.62.  

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