French bond auctions drew solid demand but nervous investors were too focused on downgrades to notice.
NEW YORK (CNNMoney) -- Worries about a French downgrade persisted even as several bond auctions drew solid demand Thursday.
"The markets are extremely spooked," said Tommy Molloy, chief dealer at FX Solutions in Saddle River, NJ. "Its not a question of if there's a French downgrade, but when. It seems like inevitability."
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