The French 10-year OAT yield climbed further to 3.1%, reaching a new 5-month high, driven by recent data suggesting that the Federal Reserve may delay rate cuts. Despite lower-than-expected growth in the US economy during Q1, ongoing inflationary pressures have tempered expectations for immediate rate adjustments. According to the CME Fed watch tool, 68.1% of traders now predict unchanged interest rates in July, up from 55.9% the day before. Meanwhile, in Europe, investors anticipate three ECB rate cuts this year, with the first potentially occurring as early as June. This expectation is driven by a slowdown in inflation and improving economic activity. Notably, Eurozone business activity experienced its most significant growth in nearly a year in April, primarily due to a surge in service sector output.
France 10Y Bond Yield was 3.09 percent on Friday April 26, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the France 10-Year Government Bond Yield reached an all time high of 11.84 in February of 1985. France 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on April 26 of 2024.
France 10Y Bond Yield was 3.09 percent on Friday April 26, according to over-the-counter interbank yield quotes for this government bond maturity. The France 10-Year Government Bond Yield is expected to trade at 2.74 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.54 in 12 months time.