France’s 10-year bond yield fell to approximately 4.69%, its lowest level since September 25. It had reached a peak near 5.14% in October, the highest level since 2002. The decline, driven by rising prices for French government bonds, aligns with a broader easing in global yields. The spread over German 10-year debt also narrowed below 150 basis points after reaching a decade high of 178 basis points. Markets will closely watch statements from Federal Reserve Chair Jerome Powell as well as U.S. data on inflation, employment and GDP.
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