Well, this was a curiously defensive response from Germany’s debt management office, after Wednesday’s five-year bund auction went badly.
Flashes, via Reuters:
RTRS-GERMAN FINANCE AGENCY SAYS BOBL AUCTION TOOK PLACE IN VERY VOLATILE MARKET CONDITIONS
RTRS-GERMAN FINANCE AGENCY SAYS DEMAND FOR GERMAN SOVEREIGN BONDS IS UNBROKEN ACROSS ALL MATURITIES
Of course, it’s not as if any recent German policies on holding sovereign bonds could have added to this volatility, of course. Perish the thought.
Related links:
‘Berlin has decided to extend Leerverkaufsverbot’ - FT Alphaville
BaFin statement on Germany’s naked short selling ban – FT Alphaville