The yield on Germany's 10-year bond fell to a record low at an auction on Wednesday, as investors continued their flight to safety from the worrying prospects of Spain and Italy.
The country raised EUR 4.152 billion from the sale of its 1.75 percent July 2022 bund against a target of EUR 5 billion set for the sale, Bundesbank said. The auction attracted bids totaling EUR 6.391 billion.
The average yield fell to a record low 1.31 percent from 1.52 percent in the previous sale on June 13. The lowest accepted price and the weighted average price was the same at 104.11 percent.
The bid-to-cover ratio, which reflects demand, rose to 1.5 from 1.4 in June.
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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.