|
German Bond Auction Fails
h/t Instapundit... German bond auction went rather badly today. In fact, a lot of commentators are using words like "disastrous". They sold just over half of the 6 billion they had put out to market, the worst such outcome anyone can remember. This comes on the heels of a Spanish debt auction in which the yields on their three month notes more than doubled to 5%. That's a higher interest rate than I pay on my credit card. Posted by: g(r)omgoru 2011-11-23 |
| http://www.rantburg.com/poparticle.php?ID=333964 |