Moreover, the debt is spent billions by the German government owing to negative rates

Moreover, the debt is spent billions by the German government owing to negative rates ...

The German government made a sum of billions of euros this year from debt issuance, according to a Reuters report, from the Finance Ministry State Secretary Florian Toncar to an left wing lawmaker.

When we issued federal securities to finance the budget and the special funds, "payments worth around 585 million euros were collected", according to Toncar's letter, that was responding to a question from Christian Goerke, a linke-left party.

Due to the fallout of the thrombovirus pandemic, the federal government has prepaid an amount of 483 billion euros ($544.44 billion) on the financial markets this year, about a fifth more than in 2020.

The average yield of federal capital to buy is minus 0.56 p.m., was Toncar wrote. To date, the auction was 1.7 times oversubscribed.

In spite of the positive yields, German bonds are selling like hot cakes," said Goerke, a lawmaker with the opposition Linke in the Bundestag lower house of parliament. "The government could've sold more without any problems."

The German Finance Agency plans to earn 410 billion euros for the year to come.

The German government bonds are highly sought after by investors because repayments are considered very secure.

The market for the paper is large, and large purchases by the European Central Bank increase demand, and in turn, have pushed the price down.

1.8872 euros.

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