21.08.202509:32:57UTC+00France 10-Year Bond Yield Nudges Up

France's 10-year bond yield climbed to approximately 3.43% as traders assessed positive economic indicators in anticipation of the Jackson Hole symposium. Notably, both the French services and composite PMI readings hit 12-month highs in August, while the manufacturing PMI achieved a three-month peak, signaling a trend towards economic stabilization. These encouraging figures support the European Central Bank (ECB) officials' position against rushing further rate cuts, following eight reductions since 2024. Despite this, the market still sees a 45% chance of an additional cut by the end of the year. ECB President Christine Lagarde commented that the newly implemented 15% tariff on EU goods by the US surpasses baseline expectations but falls significantly short of the worst-case projections.