Sunday 11 December 2016

French and Spanish bonds rally in auction

Published 01/12/2011 | 11:31

FRENCH and Spanish bonds rallied today as did the euro after the governments of both countries sold debt.

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The yield, or interest rate, on Spain’s five-year bonds fell to 5.58pc while the yield on France’s 10-year bonds fell to 3.18pc.



Spain raised €3.75bn in the auction while France raised €1.57bn.



Analysts said the focus will remain on sovereign debt adding that the move by central bankers yesterday proved how concerned the were about bank funding.



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