U.S. Treasurys Stabilize, French Yield Spreads Jump on Fiscal Worries
U.S. Treasury yields stabilized on Friday after reversing Thursday's rise to multidecade highs, as elevated yields attracted investors. The gap between French government bonds and their German peers, however, continued to rise to multiyear highs due to fiscal and political concerns.
S. Treasury yields steadied on Friday after reversing Thursday's climb to multidecade highs, with elevated yields drawing buyers. At the same time, the spread between French government bonds and German Bunds kept widening, reaching multiyear highs on fiscal and political concerns.