根据伦敦证交所的数据，10年期法国国债收益率上涨约1.5个基点，至3.047%。French government bond yields rose after Moody's downgraded France's credit rating from Aa2 to Aa3, with a stable outlook.
Moody's stated that this downgrade reflects its view that France will significantly weaken public finances in the coming years. The newly appointed government by President Macron is expected to pass a special law by 2025 to ensure the continuity of French public administration.
Moody's rating stated: "However, looking ahead, the likelihood of the next government continuing to reduce the size of the fiscal deficit after next year is very low."
According to data from the London Stock Exchange, the yield on 10-year French government bonds rose by about 1.5 basis points to 3.047%.
