Returns on German government bonds, seen as a safe haven during market turbulence, fell sharply Wednesday on Donald Trump winning the US presidency as investors rushed to purchase the assets.
Germany issued a 10-year bond at a negative interest for the first time on Wednesday, selling more than €4.0 billion with a yield of minus 0.05 percent, the German central bank or Bundesbank said.
Germany's constitutional court will from Tuesday examine whether the ECB overstepped its mandate through a scheme to potentially buy unlimited amounts of government debt.
The EU's top court on Tuesday threw out German objections to the European Central Bank's 2012 controversial programme of buying up government bonds, saying it was compatible with EU law.
Southern European governments shouldn't think that a European Central Bank (ECB) plan to buy up government debt lets them off the hook for critical reforms, Chancellor Angela Merkel said on Monday.
German companies are increasingly turning to the bond markets for their financing as banks restrict lending, a new study by Moody's Investors Service found on Monday.
Germany successfully placed its first bond issue of 2011, the Bundesbank said on Wednesday, reaffirming its safe haven status after several operations fell short late last year.
A German five-year bond issue on Wednesday was undersubscribed, figures released by the Bundesbank showed, a sign that even Germany's benchmark debt has not been spared by the latest eurozone crisis.
A US court of appeals Wednesday said Germany can be sued by Florida investors seeking reimbursement for post World War I reconstruction bonds that Adolf Hitler stopped paying in the 1930s, a lawyer for the plaintiffs said.
In further signs of the finance world’s shattered confidence in Greece, major German banks plan to stop buying government-backed investments in the ailing country, business daily <i>Financial Times Deutschland</i> reported Friday.
The international ratings agency Standard & Poor's stood by its top rating of Germany's sovereign debt on Wednesday, in sharp contrast to a warning issued two days earlier to Greece.
