Holland hasn't seen so many eyes on me. After the government's resignation, Contrary to the austerity plan requested by Europe, Holland has managed not to discourage investors on the government bond market. The Treasury this morning placed two billion euros of public debt securities. One half (1 billion) have a two-year maturity (July 2014) and were sold with a yield of 0,523%. The other part, 995 million, instead has a 25-year maturity (January 2037) with a rate of 2,78%.
But the American rating agency Moody's does not seem entirely convinced of the triple A rating for the Netherlands. After deciding to keep the top rating it notes that "a weaker commitment to fiscal discipline or a series of repeals of tax rules could also put negative pressure on the rating." This is why he defined the government crisis as 'credit negative'. However, at the moment the outlook on public debt remains 'stable'.
