LONDON, March 28 A sale of two-year German
government bonds on Tuesday was the first technically failed
auction of its maturity since last November, Germany's debt
management agency said.
Just over 3 billion euros of bids were received for
Germany's two-year auction earlier on Tuesday, below the 4
billion euro target.
That makes it the first technical failure at an auction of
two-year bonds since November, a spokeswoman for Germany's debt
management office told Reuters.
She said the last failed auction for a German bond of any
maturity was a five-year bond sale earlier this month.
(Reporting by Dhara Ranasinghe)