Bloomberg News

Germany Gets Bids Exceeding Sales Target at 10-Year Bund Auction

October 24, 2012

Germany got bids exceeding its maximum target at a sale of 10-year bunds for the first time in three auctions of the securities.

The nation received bids for 5.06 billion euros of the September 2022 securities, versus a 4 billion-euro goal for the sale. It sold the bonds to yield 1.56 percent, up from 1.52 percent at an auction on Sept. 26 and the highest rate at a 10- year offering since April.

The Bundesbank provided the auction data in a statement.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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


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