German borrowing costs fall as it sells 10-year bunds at record low 0.74 percent yield

FXStreet (London) - Today’s German bund auction saw the sale of EUR2.25bn of 10-year 1pc government bonds. According to a statement from the Bundesbank, the bond sold at a weighted average 102.38 with a record-low 0.74 percent yield.

The auction saw the sale of EUR3.25bn of debt versus a EUR4bn target.

German borrowing costs declined from 0.87 percent at the October 29 auction.