Market Commentary and Intraday News
German Bubill Auction Sees Improved Demand
224 days ago
(RTTNews) - Germany sold its 6-month treasury bills known as Bubills at negative yield on Monday as safe-haven demand recovered amid the lingering uncertainty over a Spanish bailout request, auction data from Bundesbank revealed.
The country raised EUR 2.420 billion from the sale of its April 2013 treasury discount paper against a target of EUR 4 billion.
The yield on the short-term debt was -0.0218 percent compared with -0.0147 percent in the previous sale on September 10.
The bid-to-cover ratio, which reflects demand, rose to 2.3 from 1.5 last month.
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