Investors snub Moody's and buy French government bonds. Indeed, the OAT auction, the first after the rating agency cut the rating, had good results. The French Treasury Agency, in fact, has placed a total amount of 3,97 billion euro of medium/long-term bonds with declining yields, against a target set at 4 billion.
In detail, 1,37 billion Oats maturing in 2018 with a yield of 1,01% (from 1,29% in the October auction), €1,69 billion maturing in 2019 with a yield of 1,27% (from 2,02% in July) and bonds maturing in 2027 at 2,56% (from 2,85% at the September auction).
