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EURO GOVT-German yields hit new lows after Italy auction
May 30, 2012 / 10:18 AM / 5 years ago

EURO GOVT-German yields hit new lows after Italy auction

LONDON, May 30 (Reuters) - Germany’s two-year bond yield hit a record low on Wednesday as investors took shelter in low-risk assets after a poor Italian bond auction exacerbated pressure on the region’s weaker sovereigns.

The two-year Schatz yield fell as low as 0.015 percent, down 2.5 basis points on the day and falling past previous low of 0.021 percent.

Yields in the 10- and 30-year sectors also sank to new lows after the Italian auction added to mounting worries about the cost of rescuing Spain’s banking sector.

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