Euro-Area Bond Yield Curves Steepen as France Sells 50-Year Debt
- France's 10- to 30-year yield spread widens to most in a month
- German bonds set for longest stretch of declines this year
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Euro-area government bonds with longer-dated maturities bore the brunt of a selloff in the region as investors absorbed new debt, including France’s sale of 50-year securities through banks.
The extra yield, or spread, that investors get for holding French 30-year bonds instead of 10-year securities jumped to the most in a month. Similar trends prevailed across the region with Germany’s 30-year bunds, which are set for their longest losing streak since December, yielding the most versus those due in 10 years since March 24. Dutch 30-year bond yields climbed to the highest in more than two weeks as the nation auctioned debt maturing in January 2047.