Bloomberg News

Bunds Stay Lower After Germany Raises Third-Quarter Debt Sales

June 26, 2012

German bonds stayed lower after the nation increased its target for third-quarter debt sales.

The yield on the 10-year bund rose five basis points to 1.51 percent at 9:33 a.m. London time, with the two-year rate two basis points higher at 0.09 percent.

Germany plans to sell 71 billion euros ($89 billion) in debt in the third quarter, the Federal Finance Agency said, raising its sales target by 4.4 percent from December.

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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