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French 2-year bond yield set for biggest monthly fall in over 4 years
April 28, 2017 / 1:55 PM / 7 months ago

French 2-year bond yield set for biggest monthly fall in over 4 years

LONDON, April 28 (Reuters) - France’s short-dated borrowing costs were set to end April with the biggest monthly falls in over four years on Friday, a sign of reduced political risks following a win for centrist Emmanuel Macron in first round of French presidential elections.

The two-year government bond yield was on track to finish the month down about 11 basis points, the biggest drop since February 2013.

French 10-year bond yields were set for their biggest monthly fall since June 2016, down 19 basis points.

As worries over France and the potential break-up of the euro zone have receded in the past week, so has demand for German government bonds - regarded as among the safest assets in the world.

In contrast to France, German 10-year bond yields were set to end April marginally higher and the week 8 bps higher - the biggest weekly rise since early March. (Reporting by Dhara Ranasinghe; Editing by Jemima Kelly)

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