More on the demand for "high quality" yield: Nestle sells €500M of 7-year notes at a yield...

|About: Nestle S.A. ADR (NSRGY)|By:, SA News Editor

More on the demand for "high quality" yield: Nestle sells €500M of 7-year notes at a yield of 1.56%, 2 bps less than France borrows at. "We sold (our) gilts and Treasurys," says one fund manager, opting instead to put his money into "good-quality, investment-grade corporates."