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Athens Times

STRONG DEMAND FOR FRENCH BONDS TAX 12 BILLION. EURO

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France has sold nearly 9 billion conventional bond Thursday at an auction which attracted strong demand, especially for shorter-term securities whose performance increased recently. Also sold 3 billion euros of bonds adjusted for inflation (so as not to lose it) which were very well received due to rising inflation in the eurozone by 2.2% and the desire of investors to protect themselves from it.

The French auctions of conventional bonds followed the German two-year bond auction the previous day, which also met strong demand on the rise in yields at the peak year of warnings from ECB inflation. The investors have submitted bids more than offset by 2.4 to 5.4 times the amounts claimed.

Pinch TV
20-1-2011

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