Bloomberg News

French Yields Drop at First Bill Sale Since S&P Downgrade

January 16, 2012

Jan. 16 (Bloomberg) -- French borrowing costs fell at the nation’s first bill sale since Standard & Poor’s stripped the nation of its top credit rating.

France sold 1.895 billion euros of 51-week notes at a yield of 0.406 percent, down from 0.454 percent on Jan. 9. The Treasury also sold 4.503 billion euros of three-month notes and 2.192 billion euros six month bills. Yields fell on both.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net


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