French 10-Year OAT Yield Trims Rise After PMI Data

Dow Jones

08/21

0727 GMT - The 10-year French government bond, or OAT, yield trims its rise after a weaker-than-expected flash estimate purchasing managers' index reading for August. The composite flash PMI came in at 48.8, below analysts' consensus expectation of 49.4 in The Wall Street Journal's poll. The 10-year OAT yield is last up 0.3 basis points on the day at 4.109% after the data, versus 4.115%, up 0.9 basis points beforehand, according to Tradeweb. The euro shows little reaction, last trading up 0.1% against a broadly weaker dollar at $1.1692.

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