French bond yields near 24-year high as new protests loom
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- ✓French government bond yields climbed on Tuesday, reaching a peak not seen in over 24 years as new protests loom.
- ✓Investors remain cautious as riots continue across the country.
- ✓Benjamin Schroeder said, "The protests highlight that any government will struggle to implement the required reforms and savings against broader public resistance."
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
As ongoing protests grip France, the yields on government securities, known as OAT, have surged to a peak not seen in over 24 years. Both Marine Le Pen and Jean-Luc Melenchon lead polling efforts, presenting hurdles for any potential fiscal reforms. Such public demonstrations illustrate the persistent opposition any administration encounters while trying to enact essential reforms.
France's government bond yields climbed further on Tuesday after their biggest daily rise in nearly a month, with investors remaining cautious as protest groups announced a new round of demonstrations planned for Saturday.
French bond prices, which move inversely to yields, slid on Monday after weekend protests led to riots across France, adding to the difficulties the government faces in reducing its large deficit.
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