France 10-Year Bond Yields Steady Ahead of US Data

2025-11-17 12:20 By Joana Ferreira 1 min. read

The yield on France’s 10-year government bond stabilized around 3.44% as investors held back ahead of delayed US data, including September’s employment report, for guidance on the Fed’s policy path.

Meanwhile, the European Commission revised its outlook for France, now forecasting 0.7% GDP growth in 2025, down from 1.2% projected in the spring, with a gradual rebound to 0.9% in 2026 and 1.1% in 2027.

Domestic demand is expected to remain subdued amid economic uncertainty and necessary fiscal adjustments.

This contrasts with Bank of France Governor François Villeroy de Galhau’s remarks last week, which suggested potential upward revisions to 2025–2026 growth, citing the economy’s resilience despite political uncertainty.

On the political front, France’s National Assembly approved a temporary suspension of the pension reform, averting a no-confidence vote, though a final vote on the broader social security bill is still pending.



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