Bloomberg News

German Two-Year Note Yields Stay Below Zero After Auction

July 18, 2012

German two-year note yields stayed below zero as the country sold the debt at a negative yield for the first time.

The yield on the 0 percent securities maturing June 2014 decreased one basis point to minus 0.056 percent at 10:39 a.m. London time.

Europe’s largest economy allotted 4.17 billion euros of two-year debt at an average rate of minus 0.06 percent in today’s auction, the Bundesbank said in a statement.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

To contact the editor responsible for this story: Tim Farrand at tfarrand@bloomberg.net


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