French 10year yield 3.8surges into the % range, shaking European bond markets
8On [day] (local time), France's 10year yield surged for consecutive days to record 3.8081%. The simultaneous presidential moves by Marine Le Pen and a surge in oil prices driven by tensions between the U.S. and Iran sent yields across major European countries higher in unison.
8As of [day] morning (local time), at 12[hour] 30[minute], France's 10year government bond yield had surged for consecutive days to record 3.8081%. From an investor's perspective, it is necessary to check global bond-yield trends.
At the same time, France's 2year yield stood at 2.8412%, while its 30year yield stood at 4.7034%, respectively.
Compared with the previous session, France's 10year yield surged 13.30basis points, while its 50year yield rose 8.33basis points.
Interest rates also rose across Europe. The UK 10-year bond was trading at 4.9220%, while Germany’s 10-year bond was trading at 3.0639%.
Another tally showed that France’s 10-year bond stood at 3.7757%, 10.06up by bp.
International oil prices surged amid rising tensions between the United States and Iran, while concerns were raised over a blockade of the Strait of Hormuz.
In French politics, Marine Le Pen, leader of the National Rally, saw the path to a presidential election bid open up, and her support among prospective presidential candidates rose above 1.
8The across-the-board rise in European government bond yields observed on the day reflected the simultaneous impact of political variables and geopolitical tensions.
Sources: 연합인포맥스
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