Germany sells 4.01bn euros of 10-year debt

BERLIN: Germany sold 4.01 billion euros of 10-year bonds on Wednesday, attracting solid demand as investors continue to seek safe-haven assets in which to park their cash against the backdrop of the euro zone crisis.

The sale of the 1.50 percent Bund drew bids of 1.5 times the amount on offer, slightly less than 1.6 at an auction on May 22.

The average yield for the bonds was 1.55 percent, compared with 1.41 percent at the May sale.