French Bond Yields Little Changed After Flash PMI Shows Economic Contraction

2025-09-23 09:32 By Dongting Liu 1 min. read

France’s 10-year government bond yield remained around 3.55% after flash PMI surveys showed the country’s economic activity contracted in September.

The manufacturing PMI dropped to a seven-month low, while the services PMI fell to a two-month low.

Market focus now turns to an upcoming speech by Federal Reserve Chair Jerome Powell and Friday’s US PCE price index, a key gauge of inflation, as investors look for clues on the trajectory of interest rates following last week’s rate cut.

At home, fiscal policy concerns continue to weigh on the eurozone’s second-largest economy, with new Prime Minister Sébastien Lecornu working on the budget.



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