France Sells 10-Year Debt at Record Yield Before ECB Decision
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France’s cost of borrowing for 10 years tumbled to a record low before the European Central Bank’s interest-rate decision today.
The treasury sold 4.02 billion euros ($5.3 billion) of 2023 debt at an average yield of 1.81 percent, less than the previous record of 1.94 percent set a month ago. It also sold 990 million euros of 2032 bonds and 2.92 billion euros of 2021 bonds.