MarketsBy James Hirai and Julien PonthusUpdated on
Takeaways by Bloomberg AI
A measure of French bond risk posted its biggest drop since the 2020 pandemic as local markets rallied after the nation dodged a downgrade at Moody’s Ratings.
The extra yield investors demand to hold 10-year French bonds, known as OATs, over safer German debt fell 14 basis points to 154 basis points on Monday, the largest drop in six years on a closing basis. France’s stocks rose and the euro outperformed most of its G10 peers.