The yield on 10-year securities jumped five basis points to 3.27%, widening the spread over equivalent German bonds 63 basis points, the highest since October 2023 on a closing basis.
European assets extended Monday’s losses as jitters over political upheaval in France continued.
The euro edged lower on Tuesday after hitting the weakest level in a month the day before. The benchmark stock index weakened for a third day while 10-year French bonds traded at their highest yield compared to similar German debt since October 2023.
