- Auction result does not mean refinancing bottleneck for German budget
- Says regarding retained market quota of bund auction, that sales in secondary market will be used to reach desired total volume
Wow, the horrible German 10 year bond auction result certainly caught the market on the wrong foot. The exceedingly sober Greek central bank monetary policy report didn’t help matters either.
We’ve been as low as 1.3373, presently at 1.3785 with large Scandinavian bank notable buyer around the lows.
