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French, Italian, Greek 10-Year Yields Fall About 2 Basis Points

French 10-year government bond yields fell 2.3 basis points to 4.735% in late European trading on Monday, Nov. 9, after touching a session high of 4.8% at 18:13 Beijing time and a low of 4.691% at 22:21. The French two-year yield rose 0.5 bp to 3.508%, while the 30-year fell 2.5 bp to 5.283%. Italy’s 10-year yield dropped 2.6 bp to 4.302%, Spain’s fell 1 bp to 3.821% and Greece’s declined 1.8 bp to 4.109%.

Original source

AI take

The move is a modest, broad-based easing across euro-area sovereigns rather than a single-country story, with Italy and Greece outperforming France and Spain slightly — a sign that peripheral risk premia narrowed alongside core yields. The divergence between falling long-end yields and a marginally higher French two-year rate suggests the curve move is about duration and growth expectations, not a shift in near-term policy pricing. Whether that curve behaviour persists, and whether the peripheral outperformance holds if core yields reverse, is the open question.

Generated by AI for reference only.

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