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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.