Global and Domestic Factors Weigh on French Government Bonds
Dow Jones
Yesterday
1433 GMT - French government bonds are under pressure from global and domestic factors, driving borrowing costs to multidecade highs, Morgan Stanley strategists say in a note. Domestic pressures include concerns about a potential wider 2026 budget deficit, uncertainty around the approval of the 2027 budget in a deeply divided parliament, and political jitters ahead of the 2027 presidential election. In additions, higher global sovereign bond yields are also contributing to rising French government bond yields, the strategists say. Ten-year French sovereign bond yields last trade at 4.878%, having hit 4.994% earlier in the session, the highest since 2002, LSEG data show.
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