由于交易员监测到该国持续的政治动荡,法国10年期OAT的收益率在2.9%左右波动。政府周三将面临不信任投票,议会中最大的马琳·勒庞的极右翼政党预计将支持该动议。这场危机的爆发是由于对600亿欧元的增税和削减开支方案缺乏共识,促使政府援引《法国宪法》第49.3条通过社会保障预算,绕过议会批准。如果政府倒台,马克龙总统将需要任命一位新总理,这是一项具有挑战性的任务,正如今年早些时候所看到的那样。这种政治不确定性最近使法国国债相对于德国国债的风险溢价超过90个基点,达到2012年以来的最高水平。
The yield on France's 10-year OAT fluctuated around 2.9% as traders monitored ongoing political turmoil in the country. The government faces a no-confidence vote on Wednesday, with Marine Le Pen's far-right party, the largest in parliament, expected to support the motion. The crisis erupted due to a lack of consensus on a €60 billion package of tax increases and spending cuts, prompting the government to invoke Article 49.3 of the French Constitution to pass a social security budget, bypassing parliamentary approval. If the government falls, President Macron will need to appoint a new prime minister, a challenging task, as seen earlier this year. This political uncertainty has recently driven the French risk premium over German Bunds to over 90 basis points, marking its highest level since 2012.