LONDON, March 28 (Reuters) - A sale of two-year German government bonds on Tuesday was the first technically failed auction of its maturity since last November, Germany’s debt management agency said.
Just over 3 billion euros of bids were received for Germany’s two-year auction earlier on Tuesday, below the 4 billion euro target.
That makes it the first technical failure at an auction of two-year bonds since November, a spokeswoman for Germany’s debt management office told Reuters.
She said the last failed auction for a German bond of any maturity was a five-year bond sale earlier this month. (Reporting by Dhara Ranasinghe)