Germany's bond auction on Wednesday met with slightly higher costs ahead of the election in Greece this weekend and Spain's bailout plan underway.
The country sold EUR 4.04 billion from 10-year bund auction, Bundesbank said. Investors bid for EUR 5.8 billion, exceeding the maximum target of EUR 5 billion.
The average yield rose marginally to 1.52 percent from 1.47 percent in the prior auction held on May 16.
Indicating the ability of the nation to borrow even during troubled times, demand exceeded the offer by 1.4. However, it was slightly down from the 1.5 times seen in May.
Also, the agency allotted EUR 770 million of 0.75 percent 2018 inflation-linked Federal notes. About EUR 230 million was set aside for secondary market operations.
The average yield came in at negative 0.31 percent. The bid-to-cover ratio, which indicates demand, rose to 2.2.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.