German 30 Year Bund Auction ‘Unsubscribed’

- German 30 Year Bund Auction “Unsubscribed” (ZeroHedge, April 25, 2012): Earlier today, the Bundesbank tried to sneak through some EUR3 billion in long-dated (30Y) paper. It didn’t quite succeed, because if one excludes the retention by the German bank which already has its hands full with TARGET2, the auction was technically a failure. As [...] continue reading world news