LONDON (Reuters) - A German government bond failed to attract bids worth the amount offered at its launch on Wednesday -- only the second such failure this year -- as expectations of ECB action and competing supply hit demand.
The appeal of low-yielding German debt has been dented and riskier euro zone bonds have rallied in recent weeks on the prospect of bond-buying intervention by the European Central Bank, expected to be fleshed out at a meeting on Thursday.
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