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German bonds lose their luster
Germany saw one of the poorest debt sale, since the launch of single currency as
the Bundesbank was forced to retain almost half of targeted sale of EUR6bn new
10-year note due to a shortage of bids by investors. The new bonds, which
promised to pay out a 2% interest rate (lowest ever), were sold at an average yield
of 1.98%. The weak sentiment in the capital markets was underlined by the latest
economic data release for the region, which showed that Eurozone industrial
orders have plunged by 6.4% in September on sequential basis.
This development has ignited fears that Euro crisis has even begin to threaten
Germany, which is the safest country within the Eurozone. A broad and lasting
solution to the crisis seems distant, as leaders of France and Germany are still
undecided on whether or not the ECB should take bolder steps to ease the
pressure on debt markets in Italy, Spain and others, which have now become the
epicenter of the crisis.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
German bonds lose their luster
Germany saw one of the poorest debt sale, since the launch of single currency as
the Bundesbank was forced to retain almost half of targeted sale of EUR6bn new
10-year note due to a shortage of bids by investors. The new bonds, which
promised to pay out a 2% interest rate (lowest ever), were sold at an average yield
of 1.98%. The weak sentiment in the capital markets was underlined by the latest
economic data release for the region, which showed that Eurozone industrial
orders have plunged by 6.4% in September on sequential basis.
This development has ignited fears that Euro crisis has even begin to threaten
Germany, which is the safest country within the Eurozone. A broad and lasting
solution to the crisis seems distant, as leaders of France and Germany are still
undecided on whether or not the ECB should take bolder steps to ease the
pressure on debt markets in Italy, Spain and others, which have now become the
epicenter of the crisis.
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