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French govt bond yield hits one-week low after Dutch vote
March 16, 2017 / 7:30 AM / 8 months ago

French govt bond yield hits one-week low after Dutch vote

LONDON, March 16 (Reuters) - France’s government bond yields hit a one-week low in early trade on Thursday after results of Wednesday’s Dutch parliamentary elections suggested that populist party PVV would come a distant second to the current ruling party.

Dutch centre-right Prime Minister Mark Rutte scored a resounding victory over anti-Islam and anti-EU Geert Wilders in an election on Wednesday.

French government bonds were seen as vulnerable to a potential victory for PVV, as France faces its own presidential elections in April and May, with far-right leader Marine Le Pen in with a chance to win the keys to Elysee Palace.

France’s 10-year government bond yield fell 5 basis points to one-week low of 0.99 pct. Most other euro zone bond yields were also lower on the day. (Reporting by Abhinav Ramnarayan, editing by Karin Strohecker)

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