The French Treasury on Thursday sold 7.97 billion euros in medium-term bonds, referred to as BTANs, which was at the top end of a targeted range of €6.5 to €8 billion
It was the first auction of French bonds since the country lost its triple-A rating from Standard & Poor's nearly a week ago
It sold July 2014 bonds at an average yield of 1.05% with a bid-to-cover ratio of 2.12 times
It sold July 2015 bonds at an average yield of 1.5%, covered 3.42 times
It sold July 2016 bonds at an average yield of 1.89%, covered 2.12 times
Yields on all auctions reportedly fell from similar auctions last year. In the secondary market, the yield on the 10-year French government bond fell 2 basis points to 3.1212%
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