Investing.com - Germany saw borrowing costs rise to the highest level since October 2011 at an auction of ten-year government bonds Wednesday.
Germany’s Treasury sold EUR4.07 billion worth of ten-year debt at an average yield of 2.06%, up from 1.80% at a similar auction last month.
The yield on German ten-year bonds stood at 2.018% following the auction.
Meanwhile, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3266.
European stock markets remained mixed. Germany’s DAX tacked on 0.35%, the EURO STOXX 50 added 0.15%, France’s CAC 40 shed 0.1%, while London’s FTSE 100 dipped 0.1%.
Germany’s Treasury sold EUR4.07 billion worth of ten-year debt at an average yield of 2.06%, up from 1.80% at a similar auction last month.
The yield on German ten-year bonds stood at 2.018% following the auction.
Meanwhile, the euro was little changed against the U.S. dollar, with EUR/USD easing down 0.01% to trade at 1.3266.
European stock markets remained mixed. Germany’s DAX tacked on 0.35%, the EURO STOXX 50 added 0.15%, France’s CAC 40 shed 0.1%, while London’s FTSE 100 dipped 0.1%.