Key facts
- French 10-year government bond yields rose over 40 basis points in late September.
- Sharp price swings in European government bonds followed a hawkish ECB statement on September 10.
Sharp price swings in European government bonds, particularly French OATs, followed a hawkish European Central Bank statement on September 10. Yields on French 10-year bonds surged over 40 basis points in late September, an event attributed to hedge fund carry trades.
