For the first time in over half a year, Germany has failed to earn money
by selling short-term sovereign bonds. The most recent auction has seen
investors securing a yield again, albeit a tiny one.
An auction of 12-month sovereign bonds on Monday washed almost 2.1
billion euros $2.8 billion into the coffers of the German Finance Ministry.
The sale was 1.8 times oversubscribed, signaling investor's continuous
appetite for German bonds.
For the first time since June of last year, buyers secured a positive
yield on short-term bonds, albeit a small one of 0.1319 percent, meaning that
Germany stopped making gains by selling its own debt.
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