France Sells EU7.84 Billion Debt as Yields Fall to Decade Low
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France sold as much as 7.84 billion euros ($9.9 billion) in debt, at the top end of its target, taking advantage of investors’ flight to safety that pushed the country’s borrowing costs to the lowest since 1999.
The country issued 3.48 billion euros in benchmark 10-year bonds at an average yield of 2.46 percent, lower than the 2.96 percent in the last auction on May 3, Agence France-Tresor, the debt-management body, said today. France also sold 685 million euros in 50-year bonds for the first time since 2010.