"...The euro came under pressure due to the surprise collapse in new Eurozone
industrial orders which led to Germany failing to get bids for 35% of bunds
offered. The German 10-year bund yield rose sharply from 1.92% to over
2.06%.
This is one of Germany's worst auctions since the launch of the Euro with the Bundesbank having to pick up nearly 40% of the 6 billion euros on offer.
The German auction in turn led to further weakness in European equity markets. Asian equity indices followed US equities lower after news of a new US bank stress test and then the poor Chinese manufacturing data..."
at http://www.zerohedge.com/news/eurozone-contagion-deepens-after-disastrous-german-auction-silver-supply-issues
This is one of Germany's worst auctions since the launch of the Euro with the Bundesbank having to pick up nearly 40% of the 6 billion euros on offer.
The German auction in turn led to further weakness in European equity markets. Asian equity indices followed US equities lower after news of a new US bank stress test and then the poor Chinese manufacturing data..."
at http://www.zerohedge.com/news/eurozone-contagion-deepens-after-disastrous-german-auction-silver-supply-issues
