Solid demand but rates on the rise for the latest German auction. The Finance Agency of Germany has placed five-year Bobl securities for 4,086 billion euros maturing in February 2018.
Le Required Knowledge of investors reached 7,396 billion, while the yield average was 0,53%, the highest for a five-year bond since the auction last October 10th.
As for the latest macroeconomic data, Germany today received a disappointment on the front of the industrial production, which recorded a monthly increase of 0,2% in November.
Analysts had expected a much larger increase of 1%. The figure, released by the German Economy Ministry, comes 24 hours after the one on November orders, which had shown a drop of 1,8%.
However, the numbers relating to October have been revised positively: the drop in production has been reduced to 2% against the minus 2,6% previously indicated.
