France Easily Sells $10.8 Billion In Bond Auctions

France Easily Sells $10.8 Billion In Bond Auctions
Market News •

France Easily Sells $10.8 Billion In Bond Auctions

The French treasury says it sold euro8 billion ($10.8 billion) in bonds amid relative calm on financial markets ahead of a two-day summit of European leaders aimed at charting a path back to growth. On the secondary market, where bonds trade openly after they’re issued, the yield, or interest rate, on France’s 10-year bonds fell by nearly 0.10 percentage point Thursday to 2.78 percent.

That’s below the 3 percent level widely considered a benchmark of investor confidence.

Earlier this year, Standard & Poor’s downgraded France because of concerns over its economy as well as Europe’s ability to get a grip on a debt crisis that’s been raging for nearly two years. The decision was widely anticipated so the impact has been fairly muted.

Associated Press

Share Tweet
Prev Story

Next Story

More In Market News

News

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at [...]

News

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay [...]

News

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined [...]

News

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking [...]

News

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of [...]

News

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a [...]

Also On Elite

World

This Power Plant May Be The Answer To The Energy Crisis

The future of generating power could lie in the ocean with Lockheed’s Ocean Thermal Energy Conversion (OTEC) power plant. It’s not the motion of the ocean that matters, Lockheed’s Ocean Thermal Energy can create unlimited power simply due to its location in the ocean. Lockheed Martin announced that it will be partnering with Beijing-based Reignwood [...]

World

This New Button-Down Shirt Doesn’t Need To Be Washed For 100 Wears

There’s nothing more dreadful than taking time out of your busy schedule to wash clothes. They’re just going to get dirty again anyway, right? A New York City startup may have the solution to this problem, by creating a shirt you could wear 100 days in a row without cleaning. Wool & Prince is the [...]

Gentlemen

The 10 Things Men Need To Realize In 2013

It’s 2013 and men should start acting like it. Women have continually proved themselves to be your equals, yet you continue to subjugate them by both overt and subtle means. Whether it’s telling women to cook more, imagining that they’re the only people who take selfies, thinking going down is a one-way street or somehow [...]

Sports

Rihanna Violates JR Smith On Instagram: Calls Him Thirsty

There probably hasn’t been a more disappointing player in the 2013 NBA Playoffs than JR Smith. After winning the Sixth Man of the Year honors and getting the Knicks into the second seed of the eastern conference, it seemed pretty eminent that he would carry this momentum into the postseason. But that hot streak has [...]

Sports

Wayne Rooney Reportedly Wants A Transfer From Manchester United

Wayne Rooney is no doubt the face of Manchester United, and has been ever since transferring from Everton in 2004. During his near-decade career with the club, he has experienced a ton of success and great memories. But, it seems as if this may all be coming to an end. Soon. With the recent retirement [...]

Women

Glamour Magazine’s 50 Best Dressed Of 2013 List

Glamour Magazine has just released their top 50 Best Dressed of 2013 list, and I have to say, I’m a bit disappointed. Maybe you will be too, who knows. The detailed list even goes as far as to list how many spaces someone has moved around the list, to give you a better idea as [...]