- May 20, 2009
- 144,258
- 66,564
- 2,330
Busy with holidays today but couldn't help notice this:
Germany was barely able to sell more than half of a planned 6 billion auction of 10-year bunds, at a yield of 1.98%.
Weak German Bond Sale Mashes Markets - Forbes
Germany is Europe's rock and no one had an interest in owning a piece of the rock. The NY markets were off slightly as a result. Yes, slightly.
If investors don't want debt in the strongest European nation, well...that's not good, not good at all.
Germany was barely able to sell more than half of a planned 6 billion auction of 10-year bunds, at a yield of 1.98%.
Weak German Bond Sale Mashes Markets - Forbes
Germany is Europe's rock and no one had an interest in owning a piece of the rock. The NY markets were off slightly as a result. Yes, slightly.
If investors don't want debt in the strongest European nation, well...that's not good, not good at all.
