Germany sold its 2-year treasury notes at negative yield for the first time on Wednesday as investors continued their flight to safety, reports said citing Bundesbank data.
The country raised EUR 4.173 billion from the sale of its June 2014 treasury notes, also known as Schatz. The target set for the auction was EUR 5 billion.
The yield on the debt was -0.06 percent, down from 0.10 percent in the previous sale on June 20. The bid-to-cover ratio, which mirrors investor demand, rose to 2 from 1.9.
by RTT Staff Writer
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