That will show you the currently installed and proposed candidates for duplicity. The current 3.0.6 proposed version has the issue. I suspect they will release an update fairly quickly. There will likely be chatter on here when that happens. At that time, you can then to allow the upgrade to occur.
For anyone who held back the broken duplicity package, 3.0.6.1 was released (and presumably corrects this issue). You can now release the package hold with:
sudo apt-mark unhold duplicity
Then, update normally and you should get duplicity_3.0.6.1-ppa202511131702~ubuntu22.04.1_amd64.deb installed.
Thank you for the heads up.
I can verify this new version fixes the issue as I originally experienced the problem, downgraded duplicity and used apt-mark hold to avoid upgrading to the problematic version again.
Now using apt-mark unhold and upgrading duplicity, installed version 3.0.6.1 and everything works as expected.