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PARIS: The interest rate on France's benchmark 10-year bonds opened down slightly on Monday then stabilised after Socialist candidate Francois Hollande won the French presidential election.
The measured reaction contrasts with concerns that his victory could trigger a run on French debt, force up bond yields and derail Paris' deficit-cutting plan. At 0610 GMT yields were 2.810 percent, up from 2.809 at Friday's close.
Copyright AFP (Agence France-Presse), 2012