Strong demand for French bonds in auction

France raised more than €7.9 billion ($10.3 billion) via the sale of short-term bonds on Monday at lower rates than during the previous comparable sale and amid strong demand, the body charged with carrying out the sales said.

Investors sought between two and three times the amount of fixed rate bonds which were on offer, the French Treasury Agency added.

In Frankfurt meanwhile, trading in new futures based on long-term French debt got off to a slow start, figures released by the financial derivatives group Eurex showed.

The so-called OAT Futures sparked hostility from several candidates running in the French presidential election, which is to hold a first round of voting next Sunday.