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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.

AUD/USD slides further below 0.8500

After a short lived recovery, the aussie weakened against the US dollar and dropped to fresh 4-year lows and remains near the lows, under pressure.
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Germany 10-y Bond Auction dipped from previous 0.87% to 0.74%

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