Central Banking

New German debt mgmt agency wants shorter maturity

The average time to maturity of current German government bonds should be cut markedly, the chief executives of the country's new private debt management agency told the Friday [Feb 2, 2001] edition of the financial daily Boersenzeitung. This will be one of the principal aims of the Finanzagentur GmbH, the government's new private debt management agency, which begins its operations in the second quarter of this year, the agency's chief executives Peter Jabcke and Gerhard Schleif said in the i