Euro Inflation Expectations Drop, French Yields Rise on Election Uncertainty
Sectors & Industries
July 1, 2024
In May 2024, Euro Area inflation expectations for the next 12 months fell to 2.8%, the lowest since September 2021. Three-year expectations dropped to 2.3%.
Meanwhile, the French 10-year OAT yield rose to 3.28%, amid concerns over the upcoming parliamentary elections.
Polls suggest Marine Le Pen's National Rally could secure over 30% of votes, raising fears of increased spending and fiscal deterioration.
The yield spread between French and German 10-year bonds hit multi-year highs.
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