Germany sold 1.975 billion euros of one-year bills at an average yield of minus 0.0246 percent, The Bundesbank said today in a statement.

The yield compares with an average rate of minus 0.054 percent at a sale of similar-maturity debt on July 23. Germany got bids for 3.86 billion euros of the bills, versus a maximum sales target of 3 billion euros, the Bundesbank said.

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To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net