
France's 10/30-year government financing costs have significantly decreased as investors weigh the budget situation and U.S. economic data
On Tuesday (December 23), in the European market's late trading, the yield on France's 10-year government bonds fell by 5.1 basis points to 3.562%. By 21:57 Beijing time, it rebounded to 3.594%, reaching a new daily high—accelerating the rebound after the release of U.S. GDP and durable goods orders data at 21:30, and after hitting a new daily high, it resumed and continued to widen the decline. Around 00:00, the French Parliament approved a temporary spending bill to help President Macron's government avoid a shutdown during the period until January. The yield on the 2-year French bonds fell by 1.1 basis points, hitting a new daily low of 2.334%; the yield on the 30-year French bonds fell by 5.7 basis points to 4.454%, approaching the daily low of 4.453% set at 20:00. The yield on Italy's 10-year government bonds fell by 4.5 basis points to 3.553%. The yield on Spain's 10-year government bonds fell by 4.4 basis points to 3.289%. The yield on Greece's 10-year government bonds fell by 4.2 basis points, hitting a new daily low of 3.445%
