French government bond yields rise across the board as path opens for Le Pen to run
As Marine Le Pen’s possible presidential candidacy became possible again, 7French government bond yields rose across the board. 10-year yields reached 3.6662%, which could have spillover effects on eurozone bond markets and global interest rates.
As the path for Marine Le Pen to run for president opened again, 7morning, at 10:30 a.m., French 10-year government bond yields had 4.51 basis points to reach 3.6662%. From an investor’s perspective, the key point is that this could spill over into eurozone bond markets.
In the appeals court, Le Pen received a reduced sentence in connection with the European Parliament embezzlement case, and the period of her disqualification from standing for office was also shortened. As a result, in principle, she became eligible to run in next year’s presidential election again.
At the same time, French 5-year government bond yields 5.08 basis points to 3.0533%. Of the increases recorded, the 5-year bond posted the largest rise.
30The bond yield rose3.68by basis points to4.5927%, with long-term yields also higher.
According to reports, the rise in interest rates was reportedly linked to renewed attention to the possibility of Le Pen resuming her candidacy. Markets tend to respond to government bond yields when political uncertainty increases.
The above is7a summary based on market figures compiled in the morning and facts related to the appellate court ruling.
Sources: 연합인포맥스
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