Low impact
France's 10-year government bond yield briefly topped 5% for the first time since 2002, as PGIM warns of a 'perfect storm' amid protests, fiscal concerns and political gridlock.
Bloomberg10/21, 05:43 PM
- 24-year high
- 5%
- 2002
Figures as quoted by Bloomberg
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
EUR
Pushes down
WeeksMedium confidence
French fiscal and political stress lifts yields, raising eurozone risk premium, weighing on EUR
What could change this
If French political tensions ease or fiscal concerns are addressed, the pressure on EUR could fade.
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