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French 10-year yields edge down after steep rise in prior session
Yields climbed to 4.96% yesterday, the highest since July 2002, before easing slightly to 4.925% this morning, as concerns about France’s fiscal position weighed on sovereign debt.
France’s government bond market steadied after a sharp sell-off, with French 10-year yields slightly lower in the latest session, at 4.925% this morning, according to Guardian Business.
The outlet said yields had risen as high as 4.96% yesterday, marking the highest level since July 2002.
The coverage attributed the move to ongoing concerns over Paris’s fiscal position and said those worries have pushed borrowing costs up amid a broader global sell-off of sovereign debt.
In the briefing, the widening gap between French and German borrowing costs was described as a key gauge to watch, as memories of the eurozone debt crisis from about 15 years ago were revived.