Latest news with #FinanceAgency
Bloomberg
14 hours ago
- Business
- Bloomberg
Germany to Sell More Debt as Coalition Ramps Up Defense Spending
Germany will sell €19 billion ($22 billion) more federal-government debt than planned in the third quarter to help fund a surge in spending on infrastructure and the military. The Frankfurt-based Finance Agency, which manages federal borrowing, aims to raise €118.5 billion in the July-September period, according to an updated issuance plan published Tuesday. December's original program had penciled in sales worth €99.5 billion.
Yahoo
24-03-2025
- Business
- Yahoo
Germany Confirms Second-Quarter Debt Issuance of €92.5 Billion
(Bloomberg) -- Germany's Finance Agency confirmed it plans to sell €92.5 billion ($100 billion) in federal government debt in the second quarter, in line with an issuance plan published in December. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style The Frankfurt-based agency will issue €62.5 billion in bonds and €30 billion in bills, it said Monday in an emailed statement. It also plans to sell a yet-to-be-determined volume of green bonds in three separate auctions. Borrowing costs for the government in Berlin have jumped since conservative Chancellor-in-waiting Friedrich Merz announced plans this month for a massive boost in deficit spending on defense and infrastructure. The measures secured final approval from lawmakers in the upper house of parliament on Friday and attention has turned to exactly how and where the hundreds of billions of euros earmarked will be spent. The increase in supply of German government debt is likely to lift the natural rate of interest and could give more hawkish members of the European Central Bank's governing council another reason to push for an end to the easing cycle, according to Bloomberg economists Martin Ademmer and Jamie Rush. 'To the extent that higher sovereign-bond yields are accompanied by higher interest rates on housing loans and corporate credits, this could dampen the gradual recovery of private housing and business investment we expect over the medium run,' they wrote in a March 21 note. 'It will not, in our view, offset all of the boost to growth in Germany or the euro area,' they added. 'In the long run we think a sustained increase in spending could add 2% or more to the level of potential GDP.' --With assistance from James Hirai. A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work One Man's Crypto Windfall Is Funding a $1 Billion Space Station Dream The Real Reason Trump Is Pushing 'Buy American' ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
24-03-2025
- Business
- Bloomberg
Germany Confirms Second-Quarter Debt Issuance of €92.5 Billion
Germany's Finance Agency confirmed it plans to sell €92.5 billion ($100 billion) in federal government debt in the second quarter, in line with an issuance plan published in December. The Frankfurt-based agency will issue €62.5 billion in bonds and €30 billion in bills, it said Monday in an emailed statement. It also plans to sell a yet-to-be-determined volume of green bonds in three separate auctions.
