The yield spread between French and German government bonds narrows ahead of the no-confidence motion vote

Wallstreetcn
2024.12.04 17:08

As the vote on the motion of no confidence against French Prime Minister Barnier is about to start, the yield spread between French and German 10-year government bonds has slightly narrowed. Traders are also paying attention to the speech by Federal Reserve Chairman Jerome Powell, which will be delivered after the close of the European markets. The French/German government bond yield spread narrowed by 2 basis points to 83 basis points. Bonds from non-core countries, led by Italy, outperformed, boosted by weaker-than-expected US ISM services index, November PMI final value, and ADP employment data; the Italy-Germany government bond yield spread has fallen to its narrowest since November 2021

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