France’s 10-Year Bond Yield Nears 3.5%

2025-11-20 14:40 By Joana Ferreira 1 min. read

The yield on France’s 10-year government bond approached 3.5%, its highest level since October 9, as investors favored riskier assets like stocks following strong earnings from AI giant Nvidia.

A stronger-than-expected US jobs report and hawkish Fed meeting minutes also dampened expectations of a December rate cut.

In Europe, the ECB is widely expected to keep rates unchanged next year.

The European Commission revised its GDP outlook for France, projecting 0.7% growth in 2025, down from 1.2% in 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 fiscal adjustments.

This contrasts with recent remarks by Bank of France Governor François Villeroy de Galhau, who indicated potential upward revisions for 2025–2026 growth.



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