French Bonds Sell Off Again as Euro Gives Back Its Bounce

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Summary · why it matters

Banque de France Governor Moulin said on Wednesday that the strain in French bonds is serious but does not meet the conditions for help from the European Central Bank. French 10-year yields went back up after Tuesday's relief, and the Euro gave back its bounce as French bonds sold off again.

Impact on assets 2

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💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeMonetaryrelevance

The euro gave back its bounce as French bonds sold off and the Banque de France ruled out ECB support, weakening the euro versus the dollar.

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％France Government Bond 10Y
FR-10Y
▼ NegativeMonetaryrelevance

French 10-year yields rose again as the Banque de France said the bond strain is serious but does not warrant ECB help, pushing the yield up (bond price down).