German auction of bonds maturing in 2044

German auction of bonds maturing in 2044 : German government bonds fell on Wednesday after an auction of long-term debt drew weak demand and on signs that euro zone policymakers may be opening up to the idea of giving the bloc's permanent rescue fund a banking licence.

Concerns about the impact of the three-year-old debt crisis on even the region's strongest countries also weighed on Bunds, although analysts did not expect them to fall much lower in price in the near term as Germany is still regarded as a safe haven.

A German auction of bonds maturing in 2044 met with poor demand with authorities left holding a higher-than-usual 22.6 percent of the targeted amount for sale in secondary markets at a later date. See for auction details.

Bunds have underperformed other safe havens this week. The spreads between German 10-year bonds and their U.S. and UK counterparts narrowed by some 15 basis points this week to 13 and 18 bps, respectively.


For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: