From BigGo Finance · BigGo Finance · · 1m
French Yields Rise as Protests Fuel Fiscal Fears
French and German bond yields climb amid protests, widening fiscal concerns.
In brief
French and German bond yields climb amid protests, widening fiscal concerns. French 10-year yields hit 4.9% range as protests intensify, raising fiscal worries. Originally reported by BigGo Finance.
French bond yields rise
French 10-year bond yield rose to the lower half of the 4.9% range on the 19th, up 0.15 percentage points from the previous week's end.
German bond yields climb
German 10-year yield rose to the upper half of the 3.4% range, widening the France-Germany spread to the upper half of the 1.4% range.
Protests intensify
French Prime Minister Lecornu requested nighttime curfews in certain areas following nationwide demonstrations that escalated into riots.
ECB warns of fiscal strain
ECB President Lagarde noted rising global yields are tightening financial conditions and burdening households and businesses.
Fiscal deficit concerns
France's fiscal deficit reached 5.4% of GDP, with credit default swaps at highest levels in years.
Market expectations
Markets expect ECB to raise rates by 25 basis points in December, bringing policy rates to 2.75%.
The key point
French 10-year yields hit 4.9% range as protests intensify, raising fiscal worries.
