French Bond Yields Rise to Highest in a Year After Fillon Probe
- Yield on nation’s 10-year notes is now above 1 percent
- Markets are starting to price in a risk premium French assets
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Political rumblings in France are having a ripple effect on the nation’s bonds, and those jitters are here to stay, analysts say.
The yield on the nation’s 10-year notes rose above 1 percent for the first time in more than a year as criminal investigations into the employment of Presidential front-runner Francois Fillon’s wife raised investor anxiety over the outcome of elections due in April.