France to sell 7-8 billion euros of bonds at July 4 auction

PARIS: France will sell 7-8 billion euros of long-term bonds at a regular auction next Thursday, the Agence France Tresor public debt management agency said.

AFT said the fixed-rate bonds on offer were that 1.75 percent OAT bond maturing in May 2023 and the 2.75 percent OAT maturing in October 2027.

After many months when yields on French debt stood at record lows, the interest rate investors demand to buy the government bonds of the euro zone's second-largest economy rose markedly, in line with those of many other countries, in a June 20 auction, as the bond market digests US central bank talk of an eventual end to its market-supporting stimulus policy.