France has continued to successfully raise funds through bond sales despite rising yields, according to Emmanuel Moulin, head of the French central bank. Moulin, who also serves on the European Central Bank’s governing council, emphasized that the country has encountered no significant difficulties in accessing capital markets.

France’s national debt surpassed €3 trillion in March, a level that has coincided with increased borrowing costs. Yields on government bonds have climbed amid concerns about inflation and the broader surge in debt issuance by both public and private sector entities across Europe.

Moulin highlighted that, under current market conditions, governments must prioritize reducing their budget deficits to maintain debt sustainability. He indicated that while France remains able to finance its borrowing needs, fiscal discipline will be crucial to managing the country’s growing debt burden over the medium term.

The statement reflects broader challenges faced by eurozone countries as inflationary pressures and tightening monetary policy environments drive up borrowing costs. Despite these headwinds, France’s bond market performance suggests investor confidence in the country’s creditworthiness has so far remained resilient.