French bond yields top 5% for first time since 2002: market attention shifts to the ECB meeting
The yield on 10-year French government bonds exceeded 5% for the first time since 2002, the spread over German bonds is above 170 bps, and the cost of credit default swaps has reached its highest level since 2012. The ECB, as expected, is likely to keep rates unchanged at its next meeting. Christine Lagarde said that solving France's debt problems lies within France itself. Moody's, markets expect, may downgrade France's rating to A1 on Friday evening.
Javlon Tursunov