France Gets Lowest 5-Year Yield at EU8.96 Billion Debt Sale
This article is for subscribers only.
France sold five-year notes at record-low borrowing costs as it auctioned 8.96 billion euros ($11 billion) in debt, helped by President Francois Hollande’s budget cuts and the European Central Bank’s rate reductions.
France’s 4.5 billion euros in notes maturing in July 2017 yielded on average 0.86 percent today, an all-time low. On June 21, France issued 3.34 billion euros in notes maturing in February 2017 at 1.43 percent.