French Bonds Outperform Peers After Moody's Maintains France's Credit Rating
Dow Jones10-26 15:29
0729 GMT - French government bonds outperform their eurozone peers in opening trade after Moody's Ratings left France's credit rating unchanged at Aa3, albeit with a negative outlook. Moody's left the rating unchanged on the assumption that France successfully adopts a deficit-reducing budget for 2027. Besides French bonds, investors will focus on the ECB's policy decision on Thursday and the Federal Reserve's meeting on Wednesday. Both central banks are expected to keep interest rates on hold before likely hikes in coming months The 10-year OAT yield falls 4.7 basis points to 5.028%, while the 10-year Bund yield rises 0.9 basis points to 3.349%, according to Tradeweb.
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