New record for i German Bunds. This morning Germany placed 10-year government bonds for an equivalent value of 3,3 billion, against a market demand of 5,23 billion. The Bundesbank communicated it, specifying that interest rates dropped to 1,2%, the lowest level ever reached.
Compared to last month's similar issue, the yield dropped by 19 basis points. Prior to today, the lowest ever reached on the primary market was 1,28% and dated back to an placement in April 2013.
On the share side, immediately after the announcement of the result of the auction, the Frankfurt Stock Exchange it manages to gain 1,4%, to 9.854,53 points.
As for the spread between 161-year Bunds and BTPs with the same maturity, it underwent a slight drop during the day, down to XNUMX basis points.
