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Germany's inability to attract offers in
its bond auction can be a signal that investors are becoming reluctant to lend
even to the most creditworthy country in the EU. The yield on 10-German bonds exceeds 2%
creating the biggest gap with US Treasuries in 30 months. Stuart Thomson, Ignis
Asset Management's strategist compares weak demand for German bonds with
Titanic's first class passengers who faced the same problems as those from the third class.