German Bond sale falls flat

mar bonnin palmer

Yesterday, the failure to generate enough demand for the full amount of German government bonds shook investor confidence. This was despite better than expected German market confidence data released earlier in the day. Meanwhile, BoE minutes showing a unanimous vote to hold quantitative easing at its current levels, saw Sterling rally slightly on Wednesday. Relevant economic releases today include UK & German GDP, and UK Total Business Investment.

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German Bond sale falls flat

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