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France’s 10-year government bond yield extended its decline and was last down 12.5 basis points at 4.80%, according to a market update posted by Walter Bloomberg (@DeItaone). The move marks a sharp intraday drop in the French benchmark yield, reflecting renewed demand for the country’s sovereign debt. The size of the decline is notable because it signals a rapid repricing of French borrowing costs rather than a marginal shift. Investors will watch whether the yield holds below the 4.80% level and whether the move spreads to other euro-area government bonds.

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France, Walter Bloomberg