Berlin has placed 30-year government bonds on the market for almost 2,5 billion, with demand more than double - Yields down further compared to the December auction: from 2,82% to 2,62%
The German Treasury placed this morning 30-year government bonds for 2,458 billion, just under the maximum expected amount of around 3 billion. Demand was very strong, reaching a total of 5,04 billion.
Rates still falling: the average yield fell to 2,62% from 2,82% in the last similar auction in December. Demand is growing with a bid-to-cover ratio of 2,1 from 1,1 in the December placement.
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