POPA ReconFRANCE CONSIDERS SHIFT TO SHORTER-TERM DEBT AMID BOND SELLOFF
FRANCE CONSIDERS SHIFT TO SHORTER-TERM DEBT AMID BOND SELLOFF France is considering issuing more shorter-maturity debt as investors grow increasingly reluctant to hold longer-term French bonds, Finance Minister Roland Lescure told WSJ. France’s 10-year yield rose to 4.91%, versus 3.61% for the 2-year, steepening the curve to roughly 130bp. Lescure said demand for 10-year debt remains solid, but 30-year issuance is “a bit trickier” amid fiscal and political concerns. (@WalterBloomberg)
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