Germany will borrow for free at a sale of two-year government notes tomorrow, betting it can lure buyers seeking a haven from the European debt crisis.
Germany, the only country in the euro area with a stable outlook on its AAA rating, will sell as much as 5 billion euros ($6.4 billion) of two-year notes carrying a zero-percent coupon, a record low, Bundesbank data showed today. That’s down from a coupon of 0.25 percent at the previous sale of similar-maturity notes on April 18.
For more: Germany to Borrow for Free at Two-Year Sale Amid Crisis - Bloomberg
No comments:
Post a Comment