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2025-12-15 21:54:41
[Demand for French Treasury Bonds Remains Robust, Short-Term Interest Rates Fluctuate Slightly] ⑴ The French Treasury successfully auctioned a total of €7.79 billion in government bonds of various maturities on Monday, with overall market demand remaining robust. ⑵ The 3-week bond auction, valued at €500 million, attracted €2.145 billion in bids, resulting in a bid-to-cover ratio of 4.29 and a marginal yield of 1.950%. ⑶ The 13-week bond auction, valued at €3.6 billion, attracted €7.75 billion in bids, resulting in a bid-to-cover ratio of 2.153 and an average yield of 2.079%, slightly lower than the 2.088% of the previous auction of the same maturity. ⑷ The 28-week bond auction, valued at €1.795 billion, attracted €4.525 billion in bids, resulting in a bid-to-cover ratio of 2.521 and an average yield of 2.117%, slightly higher than the 2.103% of the previous auction of the same maturity. (5) The auction of 50-week sovereign bonds amounted to €1.895 billion, attracting €5.365 billion in bids, a bid-to-cover ratio of 2.831, and an average yield of 2.146%, roughly the same as the 2.148% in the previous auction of the same maturity. (6) All maturities of sovereign bonds were oversubscribed, and no non-competitive bidding occurred, indicating that market demand for French short-term sovereign credit remains robust, and interest rate levels have not changed significantly.
