European bank shares fall as bond yields climb
European bank shares dropped, with the STOXX Europe Banks index down 3.4% and major lenders moving sharply lower.
1446 GMT - European bank shares fall on Wednesday as bonds sell off again and sour risk sentiment. 4%, reducing its year-to-date gain to 13%. 8%. "The head of the French central bank said that the ECB does not need to step in to stabilize French bonds, which is spooking investors and triggered this sell off," XTB's Kathleen Brooks says.
France's budget talks and nationwide protests have made France the European focus of the selloff. A bond selloff cuts the market value of fixed income portfolios and increases borrowing costs. com) (END) Dow Jones Newswires October 07, 2026 10:46 ET (14:46 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.
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