Bund yields rise over 3% for the first time since May as a German government bond auction fails...

|By:, SA News Editor

Bund yields rise over 3% for the first time since May as a German government bond auction fails to sell out for the 3rd consecutive time. Today's offer of €5B in 2 year notes received only €4.5 in bids. Bund yields were also affected by the sharp jump in US yields on Tuesday.