- Eurostoxx +0.5%
- Germany DAX +0.4%
- France CAC 40 +0.6%
- UK FTSE +0.1%
- Spain IBEX -0.1%
- Italy FTSE MIB +0.4%
French finance minister, Éric Lombard, tried to calm the nerves by urging a compromise on the budget. That especially if Bayrou is toppled when we get to the confidence vote on 8 September. But looking at the bond market, the rout is still keeping up for now. 30-year yields in France is now hitting 4.50% and 30-year yields in the US are at 4.99%. The latter is going to be one to watch if we do see a material break above the 5% threshold. The calm we’re seeing now might not last if investors start to run for cover again amid another upshot in yields.
This article was written by Justin Low at investinglive.com.