{"id":29492,"date":"2011-11-24T02:02:07","date_gmt":"2011-11-24T02:02:07","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/german_bond_auction_disaster_rocks_markets\/"},"modified":"2011-11-24T02:02:07","modified_gmt":"2011-11-24T02:02:07","slug":"german_bond_auction_disaster_rocks_markets","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=29492","title":{"rendered":"German bond auction &#39;disaster&#39; rocks markets"},"content":{"rendered":"<p>In one of the least successful debt sales by Europe&#8217;s powerhouse economy since the launch of the single currency, the low returns offered &#8211; just 2pc annually over 10 years &#8211; deterred investors made uneasy by the escalating cost of the crisis to Germany.<\/p>\n<p>That meant the central bank had to pick up 39pc of the \u00e2\u201a\u00ac6bn (\u00c2\u00a35.2bn) of debt Germany had hoped to sell after commercial banks bought just \u00e2\u201a\u00ac3.644bn of the issue.<\/p>\n<p>&#8220;It is a complete and utter disaster,&#8221; said Marc Ostwald, strategist at Monument Securities in London.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/financialcrisis\/8909701\/Germany-suffers-disaster-at-bond-auction.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In one of the least successful debt sales by Europe&#8217;s powerhouse economy since the launch of the single currency, the low returns offered &#8211; just 2pc annually over 10 years &#8211; deterred investors made uneasy by the escalating cost of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=29492\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,460,595,149,591,200,590,478,585,596],"tags":[],"class_list":["post-29492","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-credit-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-germany","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29492"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29492\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}