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What Germany’s Failed Bond Auction Means
Foreign Policy Association - EU at 50 2 Years, 4 Months, 3 Weeks, 5 Days, 7 Hours, 8 Minutes ago
Wednesday, November 23, 2011, Germany sold 10-year Bunds at its debt auction worth 3.64 billion euro with an average yield of 1.98%, and the bid-to-cover ratio was 1.1 , while the Bundesbank retained the remainder of the 6 billion euro offering. To m...