Markets

French 10-year bond yield hits record low

Published June 6, 2014 Updated June 6, 2014 01:29pm

PARIS: The rate of return of 10-year French government bonds fell to a record low on Friday in the wake of measures taken by the European Central Bank to ease monetary policy.

On the secondary market the yield on the bonds, which indicates what the government will likely have to pay in interest when it borrows more money, fell to 1.656 percent, beating the previous record of 1.659 percent set in May 2013.

Copyright AFP (Agence France-Presse), 2014