French 10-Year Bond Yields Decline Following Moody's Rating Affirmation

French government bond yields decreased after Moody's affirmed its Aa3 rating for the country, avoiding a downgrade. The 10-year OAT yield fell to 4.963%. This development offers relief ahead of upcoming interest rate decisions from the European Central Bank and Federal Reserve, as markets monitor the ECB's stance on headwinds from higher long-term yields.