Market Analysis
Market flash: The screws tighten on prime minister Bayrou’s government
05/09/2025
• Despite the current political uncertainty, French government debt is still easily finding buyers, with the France’s treasury department successfully raising € 11bn.
• Fiscal risk weighed on the UK’s long bonds, with 30-year gilt yields reaching highs not seen since 1998.
• US Treasury yields were under pressure this week, as the 30-year bond revisited 5% before poor economic data caused it to fall back.