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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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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln