France’s 10-year yield falls 4.5bp after Moody’s holds Aa3 rating

France's 10-year OAT yield dropped 4.5 basis points to 4.976% after Moody's kept its sovereign rating at Aa3, easing a selloff that had pushed yields to their highest since June 2002.

France's 10-year OAT yield dropped 4.5 basis points to 4.976% after Moody's kept its sovereign rating at Aa3, easing a selloff that had pushed yields to their highest since June 2002.

France's 10-year OAT yield has pushed above 5%, a level unseen since 2002, as political deadlock and street unrest deepen doubts over Paris's ability to control its budget.