Hollande Faces Investors Deserting French Debt
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President Francois Hollande’s surest supporters since taking office have been buyers of French bonds. Some of them are now deserting the country’s debt.
The French government debt auction last week drew the weakest demand in a decade as investors piled into Spanish and Italian securities. The yield on France’s benchmark 10-year bonds is at 2.5 percent now from a record low of 1.74 percent in April last year. French and Belgian bonds are the worst performers among the euro region’s major issuers this year.