#FrenchBondYieldsTopUS

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About FrenchBondYieldsTopUS

France’s 10-year bond yield reached ~5.14% Oct 22, its highest since 2002, surpassing the US equivalent for the first time since 2013. The spread over German 10-year bonds widened to ~175 bps, a 15-year high. On Oct 23, Moody’s affirmed France’s Aa3 rating with a negative outlook. With elevated funding costs and uncertainty over budget talks, could pressure in France’s bond market spread to other European markets?