Bloomberg News

Germany Gets Bids for Less Bonds Than Offered as Yield Declines

September 28, 2011

Sept. 28 (Bloomberg) -- Germany received fewer bids for five-year securities than were available at an auction today, as yields at the sale fell to the lowest on record, according to data compiled by Bloomberg.

Germany received bids for 5.1 billion euros ($7 billion) of the notes maturing in October 2016, less than the maximum available 6 billion euros of securities, according to the results from the Bundesbank. It allocated 5 billion euros to investors at an average yield of 1.22 percent, the least since Bloomberg began collecting the data in 1993.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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