Troubling signs for the euro zone: Investors are getting more?averse to the region’s bank debt, except that of German lenders.
Following?France’s recent loss of its AAA credit rating by Standard & Poor’s, 80% of investors polled by TD?Securities indicated they were still not buying French bank paper, and those?that did were only involved in overnight paper.
That was a spike from 47% in a?previous survey in December. Investors continue not to purchase bank paper in Spain, Portugal, Ireland and Greece.
Instead, 74% said they?were willing to buy German bank paper, up from 57% last time; 46% were willing to?invest for terms of 1 to 3 months, compared with 42% last time.
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