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euro-LONDON: Germany sold 2.51 billion euros of five-year government bonds on Wednesday, drawing strong demand as a lack of progress in US budget talks to avert automatic fiscal tightening underpinned low-risk debt.

 

The October 2017 Bobl sold at an average yield of 0.41 percent, compared with 0.42 at the previous sale on Nov. 7 and a 0.615 percent average for the year.

 

It drew bids worth 1.9 times the amount allotted to investors, compared with 1.5 at the previous auction of the bond and in line with an average of 1.96 percent at this year's five-year auctions.

 

Copyright Reuters, 2012


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln