Dollar Index slides to three-week low near 101.45 as yields ease
The US Dollar Index fell to a fresh three-week low around 101.45 as 10-year Treasury yields dropped 0.7% to near 5.07%, pressured by weaker housing data.
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French 10-year bond yield tops 5% for first time since 2002
France's 10-year OAT yield has broken above 5%, a level last seen in 2002, as debt worries and street unrest shake confidence in the government's finances. The move widened the gap with German Bunds and pulled US Treasury yields lower on safe-haven buying.
Bessent says France’s bond turmoil unlikely to spread to other markets
US Treasury Secretary Scott Bessent said he does not expect the unrest in France's bond market to spill over elsewhere, even as the country's debt has lagged peers amid political turmoil.