German 5-Year Debt Sell For Less Than 1% For The First Time

Auction Gavel

[credit provider=”AP Photo/Jason Redmond”]

Germany successfully sold 3.15 billion euros ($4 billion) worth of 5-year debt at 0.9%, the first time it ever sold for less than 1%. The bid-to-cover ratio was a healthy 2.8.Yesterday, Germany sold 6-month bills at a negative interest rate.