The Local France

French bonds hit record low despite downgrades

Thu, 03 Jan 2013 17:25:00 +0100

France borrowed about €8 billion ($10.6 billion) at record low rates on Thursday, the country's debt agency said, in its first long term bond auction of 2013 in a sign that investors are still looking past a fragile French economy and recent downgrades by credit agencies.

Asia and Middle East scoop up French debt

Fri, 05 Oct 2012 16:41:00 +0200

Half of France's newly-issued debt this year is being bought by investors from Asia and the Middle East, a sharp increase from a only a third the previous year, the head of France's debt management agency said Friday.

French bonds down after Hollande win

Mon, 07 May 2012 11:09:00 +0200

The interest rate on France's benchmark 10-year bonds opened down slightly on Monday then stabilised after Socialist candidate Francois Hollande won the French presidential election.

Strong demand for French bonds in auction

Mon, 16 Apr 2012 17:54:00 +0200

France raised more than €7.9 billion ($10.3 billion) via the sale of short-term bonds on Monday at lower rates than during the previous comparable sale and amid strong demand, the body charged with carrying out the sales said.

Tepid response to French bond auction

Thu, 05 Jan 2012 15:29:00 +0100

France successfully raised €7.96 billion ($10.23 billion) in new long-term bonds on Thursday despite lower demand, but was forced to pay higher interest amid fears over the country's credit rating.

Eurozone bond markets squeeze France

Thu, 17 Nov 2011 16:00:00 +0100

French and Spanish borrowing costs shot up on Thursday as the spread between their bonds and those of Germany hit a record high despite political leaders' promises to end the eurozone debt crisis.

Use 'overwhelming force' to fix crisis, US tells EU

Thu, 03 Nov 2011 17:32:00 +0100

The United States urged Europe on Thursday to use "overwhelming force" to fix the sovereign debt crisis threatening to tip the world economy into recession.

Record French bond gap shows eurozone tensions

Thu, 03 Nov 2011 15:04:00 +0100

The gap between German and French sovereign borrowing rates widened to a record on Thursday and the 10-year cost of borrowing for Italy reached a record briefly above 6.402 percent.