Monday, July 9, 2012

French Bonds With Negative Interest Rate For The First Time Ever!

PARIS — France enjoyed a boost in investor confidence with a successful bond auction Monday — but also got a warning from the president that growth so far this year is “nil” and that the country needs to rethink its social model.
France’s government sold €6 billlion in short-term bonds at negative interest rates Monday, as investors flock to the perceived safety of Europe’s larger economies. It was the first time rates entered negative territory, according to the French Treasury.

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