Overall, the federal government took almost 3.3 billion euros from the increase in the federal bond that runs until 2032.
(Photo: dpa)
Berlin For the first time in almost three years, the federal government has to pay interest to its creditors on ten-year bonds. At the auction on Wednesday, an average return of 0.31 percent was due, as announced by the finance agency entrusted with debt management. It was thus back in positive territory for the first time since April 2019 and at the same time was higher than it had been since November 2018.
“The strong increase is primarily related to growing concerns about inflation and increasing speculation about an accelerated turnaround in monetary policy both in the euro area and in the USA,” commented LBBW analyst Elmar Völker on the development. “In the short term, the yield levels on the secondary market, which serve as the basis for the issue yield, have also been pulled up further by signs of easing in the Ukraine conflict.”
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