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AB 2000 studies

Alain Boublil Blog

   

Figure of the day

-0.14% : the French 10-years Bond rate

Since the beginning of August, the French State 10 Years-Bonds rate has fluctuated between -0.14% and -0.20%. We must come back to 2020 autumn at the top of the second wave of the Covid-19 pandemic to find so low interest rates. The trend is general in the euro zone and the spread between the countries said “virtuous” and the southern countries has not stopped to narrowing. Between France and Germany, it little oscillates around 35 basis points when the difference between their public indebtedness ratios is huge, with 75% of the GDP for Germany and near 120% in ...

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34.5 billion euro : A record for French State emissions of Bonds

Since the beginning of May, the State has issued bonds for a record amount, 34.4 billion, through two Treasury Bonds issues, which brought as a total 21.6 billion carrying a -0.5% negative interest rate and 13.8 billion through mid and long term maturities bonds, an amount to which must be added an emission premium for an amount of 1.4 billion, generated by a 4% 2060 Bond. During the same period in 2019, with the same number of issues, the State got a one and half lower amount, i.e. around 20 billion. The huge expenses ...

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0.14% : Last French 10 years bond rate

The Agence France Tresor has issued on Thursday June 6th ten years bonds for an amount of 4 billion euro, increased to 5 billion with the non-competitive bids after auction and carrying a 0.14% interest rate, including emission premium during the whole duration of the bonds. If we exclude a very short period in the middle of 2016 but, at that time inflation was near zero, France never got financial resources in such good conditions. The ten years market rate, the day after, even fell until 0.11%. During May, it was never superior to 0.35%. Since ...

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