News about government bonds: events, facts and developments on tafs uz.
3 stories
France's largest bank earned €3.46 billion in the third quarter — up 13.5% year on year, beating forecasts thanks to growth in equities trading income. The report came out against the backdrop of a budget crisis: the yield on ten-year government bonds exceeded 5% for the first time since 2002, and Moody's kept the country's rating with a negative outlook. BNP says its exposure to French debt is limited.
Otabek YusupovThe 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 TursunovThe yield on French 10-year OAT bonds has exceeded 5% — for the first time since the dot-com crisis. The spread over German bonds has reached almost 160 basis points. Pressure on the government is mounting ahead of Moody's decision on the sovereign rating, which most economists expect to be a downgrade. Prime Minister Sébastien Lecornu, without a majority in parliament, is trying to push through the 2027 budget with €43 billion in cuts.
Sevara Azamova
