PARIS: France saw firm investor demand for its long-term bonds and low yields at an auction on Thursday ahead of the release by the European Central Bank of details about its bond-buying programme.
The Agence France Tresor public debt agency said it sold 8.497 billion euros ($9.38 billion) of 8-, 10- and 15-year bonds, with investors putting total bids worth 15.168 billion euros.
AFT sold 2.427 billion euros of its 10-year benchmark bond at an average yield of 0.67 percent, up marginally from 0.61 percent when it was last auctioned in early February.
The 8-year bond, a maturity popular with foreign central banks, drew a yield of 0.44 percent, and the 15-year bond attracted a yield of 0.93 percent. Comparative yields were not available as the two bonds have not recently been auctioned.
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