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Very weak auction for a......>

GERMAN AUCTION RESULTS
GERMAN AUCTION RESULTS: Very weak auction for a 30Y, technically uncovered.
Germany allotted E1.21bln of the 30-year benchmark 1.25% Aug-48 Wednesday
compared to E1.5bln on sale. Bids were E1.28bln. 
- Average yield of 1.27% (1.28%) 
- Bid-to-cover ratio of 1.1 times (six auction average 1.7). 
- The average price was 99.35 compared to a volatile market level of around
99.40.

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