France 10Y Bond Yield Hits 5-week Low

France 10 Year Government Bond Yield decreased to 3.57%, the lowest since April 2026. Over the past 4 weeks, France 10Y Bond Yield lost 11.05 basis points, and in the last 12 months, it increased 36.80 basis points.

France 10 Year Government Bond Yield increased to 3.88%, the highest since March 2026. Over the past 4 weeks, France 10Y Bond Yield gained 7.30 basis points, and in the last 12 months, it increased 35.05 basis points.

France’s 10-year OAT yield fell below 3.7%, but remained close to 2009-highs reached in March, as persistent inflation concerns continued to anchor borrowing costs at elevated levels. Optimism over diplomatic progress in the US–Iran conflict has done little to ease pressure on bond markets, with investors still demanding a higher risk premium amid ongoing uncertainty and expectations of further ECB rate hikes. Markets are now pricing in two 25bps rate hikes by the ECB this year, down from three expected just a few weeks ago. Earlier in the week, ECB President Lagarde acknowledged that elevated energy costs have pushed the eurozone off its baseline economic trajectory, but did not indicate any immediate rate action.