The Treasury of Germany has placed on the market this morning government bonds with a six-month maturity for a total value of 3,9 billion of Euro. According to the numbers released by the German authorities, the bonds have a yield negative of 0,0122%. Demand was excellent, amounting to 7,08 billion, for a bid-to-cover ratio of 1,8 (from 3,8 in the previous auction).
After i positive data on the trade balance, negative news arrives instead for Berlin on the front of industrial production, down 0,6% month on month in November (against the +0,8% recorded in October). The Ministry of the Economy admitted that production will probably remain contained throughout the winter months, given the modest orders in the sectors of manufacturing and construction.
