http://www.globalderivativesusa.com/fkn2342frt

By Simon Miller

Germany has failed to sell 10-year debt at an auction today as hopes of intervention in the eurozone rise.

It was the second time this year that an auction had failed and demand appears to have been hit by expectations of European Central Bank action and competing supply.

With an average yield came in at 1.42% while only €3.93bn (£3.11bn) was bid for out of the total €5bn. With €3.61bn accepted, €1.39bn was retained by the German governemnt to be sold at a later date.

A German finance agency spokesman said: "The figures once again show that the market environment is very volatile and is holding back on purchases given upcoming decisions."

Home     More News


www.C5-Online.com/OTCderivatives

Other stories you may find of interest:

Fencing off the risk?
The Independent Commission on banking has set the cat among the pigeons with the recommendation to ring-fence retail operations. Simon Miller looks at how this came about and what unintended consequences could arise

Moody's downgrades German banks as EC seeks bank solution
German and Austrian banks have been downgraded by Moody's Investors Service as the European Commission unveils proposals for failing banks today (06.06.2012).

European Council proposes single cross-EU banking supervisor
The European Council is proposing a single banking supervisor for the entire European Union according to a discussion paper released today ahead of the eurozone summit on Thursday.

Financial Risks Today Beta Banner


This website is a part of Perspective Publishing Limited, registered in England No 2876166.
By using this website you agree to our COOKIE POLICY.