Now for something very weird. France borrows money at negative interest rates
The Irresistable Opportunity with Interest Rates Near Zero - July 14 | Victor Adair
There are possibly 2 things going on, one is intervention by central banks, the other is a flight to quality.
Now a flight to Germany might make sense, but not France. The new socialist govt. there this week announced massive tax hikes and no spending cuts. The only investors stupid enough to give France money are the Fed, and the ECB. Something stinks here.
Looks like Belgium and Denmark have joined the party.
The Dangers of Negative Interest Rates - The Euro Crisis - WSJ
The Swiss don't want your Euros in their banks, look for them to de-link soon, and then the Euro goes thru the floor.