Thursday, July 12, 2007

Central Banks Are Biggest Buyers of 10-Year Bunds, German Debt Office Says

(Bloomberg) -- Central banks and commercial lenders
were the biggest buyers of German 10-year government bonds in
2006, followed by asset managers, the country's Federal Finance
Agency said.

The central banks bought 29 percent of the total net 40
billion euros ($55 billion) of bunds, Europe's benchmark 10-year
security, according to a report from the agency, which oversees
German government bond issuance. Commercial banks purchased a
similar amount of the debt, it said.


Read more at Bloomberg Bonds News

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