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Stock impact report

France's Last Bond Sale Before Vote Signals Waning Market Angst [Yahoo! Finance Canada]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Most Read from Bloomberg The Treasury raised €10.5 billion ($11.3 billion) from the offering of debt with maturities of up to 40 years, the maximum amount targeted. Bids across all four bonds were 2.58 times the total amount sold, higher than the demand seen at the two most recent sales of similar maturities. ADVERTISEMENT “Quite strong French auctions,” said Evelyne Gomez-Liechti, a strategist at Mizuho International. Investors have made the most of the market moves “to buy cheap in this auction,” she said, referring to a selloff that drove French bond spreads to multi-year highs last month. “Especially with the two tail risks — far-left and far-right absolute majorities — now seemingly off the table.” The bond auction is the second since President Emmanuel Macron called the snap vote, which ignited a major rout in French assets. Investors have been concerned that Marine Le Pen's far right National Rally would emerge victorious with an absolute majority in parliament, allo Show less Read more
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