Friday, January 6, 2012

France Pays Higher Interest

France auctioned sovereign debt yesterday and yields rose slightly:

The French Treasury sold €4 billion, or $5.1 billion, of 10-year bonds at an average yield of 3.29 percent, up from the 3.18 percent it paid at the last such auction in early December. Investors bid for 1.64 times the amount of the securities on offer.
Not panic but not a good sign either.

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