French Bond Yields Retreat After Tuesday's Surge
2026-11-11 09:19
By
Joana Ferreira
1 min. read
France’s 10-year OAT yield edged lower to around 4.75% after Tuesday’s sharp rise, as investors struggled to find direction amid a relatively quiet Eurozone economic calendar.
Brent crude prices also paused their recent decline following shipping attacks in the Strait of Hormuz, while markets continued to assess stronger-than-expected US inflation data, which reinforced expectations of further Federal Reserve tightening in December and raised the possibility of a 50-basis-point rate hike.
Meanwhile, France’s ongoing political and fiscal difficulties, alongside uncertainty over the potential early departure of ECB President Christine Lagarde, continued to weigh on sentiment across European markets.
On the monetary policy front, ECB Chief Economist Philip Lane signaled that another rate increase in December could be necessary, joining a growing number of policymakers advocating for a third hike this year.