French 10-year yield tops US Treasury yield for first time since 2013
TLT•France’s 10-year government bond yield rose above the equivalent US Treasury yield for the first time since 2013, trading at 5.09% versus 5.08%. The move reflected investor concern over France’s fiscal position and rising debt burden.
1. Yields cross
France’s 10-year government bond yield rose above the equivalent US Treasury yield for the first time since 2013. France’s yield traded around 5.09%, up 8 basis points on the day, while the US yield was 5.08%, down 6.5 basis points.
2. Investor concerns
The crossing reflected growing investor concern over France’s deteriorating fiscal position and rising debt burden. US Treasury yields fell as stock market jitters pushed investors back into US government bonds.
