French 10-Year Yield Jumps to 4.842% as Violent Protests Hit Euro
Updated
Updated · The Guardian · Oct 19
French 10-Year Yield Jumps to 4.842% as Violent Protests Hit Euro
3 articles · Updated · The Guardian · Oct 19
Summary
France’s 10-year government bond yield rose more than 6 basis points to 4.842%, with investors selling French debt ahead of a bond auction later on Monday.
Violent street protests drove the move, also pushing the euro down 0.2% to $1.1218 against the dollar.
The risk premium on French debt widened as the 10-year spread over Germany climbed 6.5 basis points, signaling stronger demand for ultra-safe Bunds.
The market reaction came during a broader trading session in which Asian equities were mixed, underscoring how French political unrest had become the main European pressure point.