Germany: 10-year bunds placed for €4,188 billion, record rate of 1,80%

The German government has placed ten-year bonds for 4,188 billion euros at an average rate of 1,80%. It is the first time, as also reported by the German federal agency in charge of debt management, that 10-year Bunds are placed at a yield of less than 2%.
Meanwhile, the Btp-Bund spread is under tension, widening up to 398,8 basis points, to then remain fluctuating around 398 points. The movement follows the drop in the rate of ten-year German securities which have in fact marked a drop of 2 basis points to 1,77%.