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'Impressive' German debt auction

Date: Wednesday 25 Jan 2012

'Impressive' German debt auction

The German Treasury defined its latest debt auction held this morning as "impressive", saying that the low yields offered reflects the current volatile and uncertain environment.

The German Treasury sold €2.46bn in 30-year debt on bids for more than €5bn. The average yield offered from this security was an all-time low of 2.62%, down from 2.82% the previous auction.

In the comparable auction held in October of last year, demand was less than the targeted issue amount.

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