France Bond Yield & Market Crisis

Timeline

Moody's halves France 2026 GDP growth forecast to 0.2%

11 Nov, 13:43 UTC

Moody's cut its full-year GDP growth forecast for France to 0.2%, below the government's 0.5% target and the Bank of France's 0.3% forecast.

High importance

ECB Chief Economist rules out crisis tool for France

10 Nov, 08:45 UTC

Philip Lane stated that the ECB should not adjust its bond holdings run-off or deploy its crisis tool to ease France's budget problems, noting the issue must be fixed in Paris.

High importance

ECB Governing Council to address France's fiscal crisis

10 Nov, 04:08 UTC

The ECB Governing Council is set to discuss how to respond to France's deepening fiscal and political crisis, amid speculation over potential TPI intervention.

High importance

ECB presidential frontrunner signals readiness to intervene in bond market

9 Nov, 01:37 UTC

Klaas Knot stated that the ECB should be prepared to use existing crisis-response tools or devise new mechanisms if Europe's debt crisis flares up again.

France plans €4 billion extra education spending amid protests

6 Nov, 14:37 UTC

The French government plans to spend an extra €4 billion on education amid nationwide protests while facing mounting public debt and rising interest costs.

High importance

Nationwide protests over cost of living and debt pressures

6 Nov, 14:37 UTC

The French government faces nationwide protests over the rising cost of living while planning €4 billion in school renovation loans and €1 billion for universities.

France issues nearly €12 billion in long-term OATs

5 Nov, 10:16 UTC

Agence France Trésor (AFT) issued nearly €12 billion in long-term government bonds at an auction with generally rising yields.

High importance

Fitch lowers France's rating outlook to negative

2 Nov, 12:01 UTC

Fitch Ratings affirmed France's A+ rating but lowered its outlook from stable to negative, citing weaker growth, higher borrowing costs, and a wider deficit.

High importance

France Q3 GDP contracts by 0.1%

2 Nov, 09:17 UTC

France's gross domestic product unexpectedly contracted by 0.1% in the third quarter.

High importance

Moody's holds France's rating at Aa3 with negative outlook

23 Oct, 00:00 UTC

Moody's kept France's sovereign rating at Aa3 on October 23 while maintaining a negative outlook, contingent on passing a deficit-reduction budget.

High importance

10-Year OAT Yield Hits 5% Intraday

21 Oct, 00:00 UTC

On October 21, France's 10-year OAT yield reached 5% during intraday trading for the first time since July 2002.

High importance

OAT-Bund Spread Reaches Highest Level Since 2012

12 Oct, 00:00 UTC

The 10-year France-Germany bond spread hit a record 141.7 basis points on October 12 before easing to 134.6 basis points on October 16.

High importance

Eurozone Ministers Press France on 2027 Budget

8 Oct, 00:00 UTC

Eurozone finance ministers urged France to pass its 2027 budget swiftly to calm bond market volatility.

High importance

Rising French bond yields increase borrowing costs

8 Oct, 00:00 UTC

Rising French bond yields are increasing borrowing costs, which may ease pressure on the ECB to raise interest rates.

High importance

French-German 10-year bond spread breaks above 150 bps

5 Oct, 00:00 UTC

The yield spread between French and German 10-year government bonds exceeded 150 basis points on 5 October, the widest since 2011, pushing France's borrowing costs to their highest since 2002.

OAT-Bund spread exceeds 100 basis points

5 Oct, 00:00 UTC

The spread between French 10-year OATs and German 10-year Bunds exceeded 100 basis points starting in late September 2026.

High importance

French 10-year OAT yield approaches 5%

1 Oct, 07:40 UTC

France's 10-year OAT yield reached 4.9523% at 07:40 GMT, its highest level in 18 years, as the government prepared to present its draft 2027 budget.

High importance

ECB holds deposit rate at 2.5% as Lagarde announces early exit

Time unknown

The ECB kept its key deposit rate at 2.5% while President Christine Lagarde announced she will step down next February.

High importance

ECB states crisis-fighting tools are available

Time unknown

The European Central Bank stated on Thursday that it has crisis-fighting tools to address disorderly markets amid concerns over France's public finances.

High importance

French bond yields surge to highest levels since 2002

Time unknown

France's government borrowing costs surged to their highest levels since 2002, drawing focus at the ECB press conference.

High importance

ECB President Christine Lagarde announces early departure

Time unknown

Christine Lagarde announced she will leave her position at the ECB on February 7, 2027, ahead of her mandate's October 2027 end.

10-Year OAT Yield4.89% %
OAT-Bund Spread151.8 basis points bps
ECB Deposit Rate2.5 percent %

Details

France's 10-year government bond yield stands at 4.89%, with the spread over German Bunds at 151.8 basis points as of November 13.

Last checked 15 Nov, 04:11 UTC