Negative Yields on 3 and 6-Month French Debt (EWQ)
Tweet
Share
E-mail
For the first time, France's government sold short-term bonds at negative interest rates. On Monday, the treasury announced they sold three-month bonds at -0.005 percent, and six-month bonds at -0.006 percent. France's growth prospects for the year are expected to be flat, but France is considered a relatively safe place for jittery investors to park cash.
Meanwhile, 10-year bonds in Spain are trading back above 7 percent. The divergence between longer dated Spanish debt and shorter dated French debt is an ominous start for the week in Europe.
Shares on the CAC 40 closed lower by 0.38 percent today. iShares MSCI France Index ETF (NYSE: EWQ) is trading lower by 0.16 percent.
Meanwhile, 10-year bonds in Spain are trading back above 7 percent. The divergence between longer dated Spanish debt and shorter dated French debt is an ominous start for the week in Europe.
Shares on the CAC 40 closed lower by 0.38 percent today. iShares MSCI France Index ETF (NYSE: EWQ) is trading lower by 0.16 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bessent: Many People Believe Chinese Yuan Is Undervalued
- Crude Inventory Fell 7.2 Million Barrels Last Week - EIA
- Japan and BOJ intervene in forex market to support yen - Nikkei
Create E-mail Alert Related Categories
ETFs, ForexSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
