France today sold 4.0 billion euros of short term 13-week bills at an average yield of 0.222% and also sold 1.0 billion euros of 308-day bills and 1.50 billion euros of 182-day bills.

The debt auction did not help in easing the pressure on France especially after Moody's as well warned EU nations of downgrades in a review that will be done by the next quarter. The yield on the benchmark 10-year bond was holding around 3.29% higher by 3 bp.