The French Ministry of Finance said that it has not adjusted its bond issuance strategy and will continue to use flexibility in treasury bond bidding. Earlier reports said that after the recent sell-off of long-term bonds, France is considering issuing more short-term bonds. The report cites an interview with French Finance Minister Roland Lescure. “France's debt issuance strategy is guided by investor demand,” the French Ministry of Finance said in a comment. “This allows us flexibility in deciding which specific bonds to issue each time, so as to be as close to demand as possible.” “We have reduced the issuance of longer-term bonds, that is, bonds with a term of 30 years or more, which reflects this strategy,” the Ministry of Finance added. “In an environment with higher yields, information conveyed by Tier 1 traders over the past few months shows that demand for these bonds has declined.”

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