Germany’s 10-year bond auction falls short of target

Germany’s 10-year government bond auction faced weak demand, with only 3.8 billion EUR placed out of 5 billion EUR offered. Investors submitted bids for just 4.5 billion EUR, indicating reduced appetite for long-term German debt. The bonds were placed at a yield of 2.89%, notably higher than the 2.73% yield at the previous auction in February, reflecting rising borrowing costs across the eurozone. Rising bond yields typically increase pressure on risk assets including cryptocurrencies as investors rotate toward safer, higher-yielding fixed income.