French Finance Minister Roland Lescourt told the media that as investors are increasingly unwilling to hold French long-term bonds, the country is considering issuing more short-term bonds. The yield on French 10-year treasury bonds rose to 4.91%, and the 2-year treasury yield was 3.61%, and the yield curve steepened to about 130 basis points. Demand for 10-year bonds is still steady, but the issuance of 30-year bonds is “slightly more difficult” due to financial and political concerns, Lescure said.

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