French government bond selling paused on Monday after MOODY'S did not downgrade the sovereign rating. Weekend protests wound down largely peacefully, avoiding the previous week's social unrest. France's 10-year yield fell 5.3 bps to 4.9685% and the 10-year spread over Germany narrowed. A Deutsche Bank rates strategist said the temporary relief could persist through Thursday ahead of the ECB rate decision. Markets are increasingly worried the ECB is paying more attention to the adverse impact of

French government bond selling paused on Monday after MOODY'S did not downgrade the sovereign rating. Weekend protests wound down largely peacefully, avoiding the previous week's social unrest. France's 10-year yield fell 5.3 bps to 4.9685% and the 10-year spread over Germany narrowed. A Deutsche Bank rates strategist said the temporary relief could persist through Thursday ahead of the ECB rate decision. Markets are increasingly worried the ECB is paying more attention to the adverse impact of rising long-dated yields.