France’s OAT Yield Remains Close to 17-Year Peak

2026-03-24 11:47 By Joana Ferreira 1 min. read

France’s 10-year OAT yield hovered around 3.75%, slightly below a recent 17-year high of 3.87%, as uncertainty around the developments in the Middle East continued to dominate the market while investors digested weaker than expected PMI data.

President Trump delayed US strikes on Iran, referencing "positive talks", a claim Tehran rejected, though indirect negotiations may be underway.

Meanwhile, an Israeli official dismissed ceasefire hopes, while Defense Minister Israel Katz reaffirmed plans to "strike Iran with full force." Economically, Eurozone business activity slumped to a ten-month low in March, with costs surging at the fastest pace in over three years due to rising energy prices and war-related supply chain strains.

In France alone, output contracted more than expected.

Amid the energy shock, markets are pricing in further ECB rate hikes, even after the central bank held rates but upgraded inflation forecasts and downgraded growth outlook due to deepening regional instability.



News Stream
France’s OAT Yield Remains Close to 17-Year Peak
France’s 10-year OAT yield hovered around 3.75%, slightly below a recent 17-year high of 3.87%, as uncertainty around the developments in the Middle East continued to dominate the market while investors digested weaker than expected PMI data. President Trump delayed US strikes on Iran, referencing "positive talks", a claim Tehran rejected, though indirect negotiations may be underway. Meanwhile, an Israeli official dismissed ceasefire hopes, while Defense Minister Israel Katz reaffirmed plans to "strike Iran with full force." Economically, Eurozone business activity slumped to a ten-month low in March, with costs surging at the fastest pace in over three years due to rising energy prices and war-related supply chain strains. In France alone, output contracted more than expected. Amid the energy shock, markets are pricing in further ECB rate hikes, even after the central bank held rates but upgraded inflation forecasts and downgraded growth outlook due to deepening regional instability.
2026-03-24
France’s OAT Yield Retreats to 3.75%
France’s 10-year OAT yield fell back to 3.7%, pulling away from an earlier high of 3.87%, its highest since July 2009, after markets initially reacted to President Trump’s five-day delay in planned strikes on Iran, which he attributed to "very good and productive" talks with Tehran. However, Iran’s Fars News Agency contradicted this, stating there were no negotiations with the US and that Trump’s decision came after Iran threatened to strike all West Asian power plants. Despite the diplomatic uncertainty, traders continue to anticipate at least three ECB rate hikes this year, following the central bank’s decision last week to hold rates steady while raising inflation forecasts and cutting growth projections, citing escalating risks from the Middle East conflict and rising energy prices.
2026-03-23
France 10Y Bond Yield traded above 3.7 percent
France 10Y Bond Yield rose above 3.7, according to over-the-counter interbank yield quotes for this government bond maturity.
2026-03-23