After its disastrous bond auction a couple of weeks ago, Germany puts on a better show today,...

|By:, SA News Editor

After its disastrous bond auction a couple of weeks ago, Germany puts on a better show today, receiving bids for €8.67B ($11.6B) of five-year notes at a sale, more than the maximum target of €5B. The paper was sold with a yield of 1.11%. Bund futures rise 15 ticks in response.