Bloomberg News

German 5-Year Notes, 10-Year Bonds Advance After Debt Auction

December 07, 2011

Dec. 7 (Bloomberg) -- German five-year notes rose as the nation sold 4.09 billion ($5.5 bilion) euros of the securities.

The five-year note yield fell three basis points to 1.08 percent at 10:11 a.m. London time, after advancing as much as four basis points before the auction.

Ten-year yields fell three basis points to 2.16 percent.

The nation got bids for 8.67 billion euros of the five-year notes, more than the maximum sales target of 5 billion euros. The notes were sold to yield 1.11 percent.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

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


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