Market Passes First Big Test Of The Day, As French Bond Auction Goes Fine

Bastille day military parade, french flag

Photo: AP Images

First big market test of the day: Fine.French just held a 10-year bond auction, where yields came in at 3.29%.

That’s up a little from the last equivalent auction in December, but right in line where things are now.

And the auction managed to move nearly 8 billion EUR worth of bonds, which was at the high end of the range.

So, one hurdle for now cleared.

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