French Borrowing Costs Continue To Collapse


That’s how much France, under Francois Hollande, is paying to borrow money for 2 years, according to Bloomberg.


Photo: Bloomberg

You can see how rapidly yields have collapsed in recent days.

The moral of the story, as we’ve noted before: France is being treated solidly as core.

Elsewhere, Germany, Switzerland, and the Netherlands are all part of the negative yield club.

DISCLOSURE: The author stands to win $250 in a bet if French 2 year yields go negative.

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