France's 10-year government bond yield rose above 5% as ongoing protests add to concerns about the country's public finances, with IG's Chris Beauchamp warning the trend could be a 'warm up for Germany'.

Reuters10/23, 12:45 AM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

EUR
Would push down
DaysMedium confidence
Rising French yields on fiscal/political stress raise the sovereign risk premium, which can weigh on the euro

What could change this

If France's political gridlock eases or spillover to other European bonds fails to materialize, the pressure on the euro could lessen.