- Germany today raised just over €4B of two-year money, with the notes priced to yield 0.00%. Demand was strong, totaling nearly €8.3B.
- The sale comes amid geopolitical risk and the slowdown in the European economy, bringing forth the possibility of further stimulus from the ECB.
- This isn't the first time two-year borrowing costs have fallen so far. Amid the debt crisis two years ago, investors paid Germany to lend it money, accepting a negative 0.06% yield at an auction.
- The euro is down 0.25% to $1.3288, it lowest level in about a year.
- ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
Germany borrows for free; euro to one-year low
From other sites
at CNBC.com (Mar 16, 2015)
Video at CNBC.com (Mar 11, 2015)
at CNBC.com (Mar 11, 2015)
Video at CNBC.com (Mar 10, 2015)
Video at CNBC.com (Jan 27, 2015)
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