French Yield Spreads Jump on Fiscal Worries, Treasurys Stabilize
U.S. Treasury yields stabilized on Friday after reversing Thursday's rise to multidecade highs, as elevated yields attracted investors. The spread between French government bonds and their German peers continued to widen, surging to multiyear highs due to fiscal and political concerns.
S. Treasury yields stabilized on Friday after reversing Thursday's climb to multidecade highs, with elevated yields drawing in buyers. Meanwhile, the spread between French government bonds and their German counterparts kept widening, jumping to multiyear highs on fiscal and political concerns.