Germany sells 2.587bn euros of 6 month debt at negative yield

BERLIN: Investors continued to effectively pay the German government on Monday to store their cash in six-month Bubills as lingering uncertainty over the euro zone crisis drives them to safe haven assets.

Germany sold 2.587 billion euros of a new 6-month Bubill at an auction, attracting slightly less demand than at a previous sale in November, data showed.

The bid-to-cover ratio stood at 2.5 versus 2.0 for the Nov. 12 auction. The average yield was -0.017 percent versus -0.012 percent at last month's sale.