News
🇫🇷 French 10y hits highest since 2002 as Paris weighs minimum wage move and Macron curbs protests
🇫🇷 French 10y hits highest since 2002 as Paris weighs minimum wage move and Macron curbs protests
- 🇫🇷 France's 10-year yield has pushed on to about 5.14%, its highest since 2002, and the OAT-Bund spread has widened to about 173bp, the widest since 2011, per newswires ()
- 🇫🇷 The government is reportedly considering a minimum wage adjustment, with the Labour Minister due to meet unions on purchasing power, per newswires citing sources ()
FO view: A wage concession on top of street unrest adds a fiscal cost to the political risk, which extends the French risk premium move flagged in the 14:21 alert.
Not investment advice.