s&p 500 off 26 points. big board volume was light at 874 million shares, while nasdaq volume slipped to 1.7 billion shares. suzanne pratt begins our reporting tonight, taking a closer look at that disappointing auction in germany and its impact on u.s. markets. we can add german bonds to the heat. germany is supposed to be europe's save haven, in a region plagued by financial crisis. today investors decided it was time to question germany's fortitude, opting to pass on an auction of german debt. the central bank of germany tried to sell $8 billion worth of 10-year bonds. but they were only enough buyers for 60%, making it one of the worst auctions in a decade. bond market expert michael possible says if rock solid germany can't sell out debt, it didn't bode well for the rest europe. >> the concern here for the markets is really about whether there's enough demand for, for european sovereign issuers to be able to fund their deficit. so as they run up a tab they need to for row money. >> reporter: investors also worry the failed auction suggest a crisis is spreading throughout the euro zone, the so qualityed contagion we'