herald

Tuesday 19 September 2017

Germany sells bonds

GERMANY has raised €4bn with a sale of its 10-year bonds, considered the gold standard of eurozone debt.

Germany got €5.14bn in bids for its offering of €5bn. The average yield on the €4bn bonds was 1.93pc, up from 1.905pc on the secondary market.

Germany's Finance Agency held back €1bn in bonds to sell later on the secondary market.

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