TREE NEWS reports: France’s 10-year government bond yield rose 6.2 basis points to 4.919% in late European trading on Thursday, October 1, after touching a session high of 4.966% — close to the third-quarter 2002 peak of 5.115%. The two-year yield added 6.3bp to 3.682% and the 30-year gained 7.0bp to 5.538%. Italian 10-year yields rose 8.0bp to 4.649%, while Spanish 10-year yields edged up 0.2bp to 4.135%.
French 10-Year Yield Jumps 6.2bp to 4.919%, Near 2002 High
AI take
The move is broad-based across the French curve, with the long end leading — a sign this is about duration and fiscal risk premia rather than a simple rate-expectations repricing. The striking detail is the spread behaviour: Italy's 10-year yield rose more in absolute terms than France's, yet France is the one pressing against a multi-decade high, which says the market is treating French paper less like a core anchor. Whether the long end keeps underperforming the front end is the open question worth watching.
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