U.S. Treasury Secretary Bessent said he does not expect turmoil in the French bond market to spill over to other markets after French yields surged, raising broader questions about the country's fiscal position. He noted France is under strain amid weeks of protests and recent weekend riots and that French debt has lagged peers as the government seeks to rein in its deficit, but said President Macron’s economic team is strong. 'I expect the situation in France will not spill over to other market

U.S. Treasury Secretary Bessent said he does not expect turmoil in the French bond market to spill over to other markets after French yields surged, raising broader questions about the country's fiscal position. He noted France is under strain amid weeks of protests and recent weekend riots and that French debt has lagged peers as the government seeks to rein in its deficit, but said President Macron’s economic team is strong. 'I expect the situation in France will not spill over to other markets,' Bessent said, adding that while the move was unexpected, capital has flowed from some concerning countries into U.S. Treasuries as investors seek safety.