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German yields hit record lows at 10-yr bond sale
Germany's cost of borrowing over 10 years fell to a record low at an auction on Wednesday as investors, worried about the euro zone rescue fund's effectiveness as a crisis-fighting tool, sought the safety of Berlin's debt despite negligible returns. The government sold 4.153 billion euros worth of Bunds for an average yield of 1.31 percent, the lowest ever on record for the maturity. Investors bid for 1.5 times the volume of paper on offer. The results underlined markets' lack of faith in measures agreed by European policymakers last month to combat the crisis, including help for Spain's ailing banks and allowing the ... (full story)
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- Jul 11, 2012 6:28am Jul 11, 2012 6:28am
- Rana Shahzad
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- safdarhashmi
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- Mr.Ha
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Goodluck to you!