# French Bonds Rebound After Moody's Affirms Rating, US Yields Edge Up

> Moody's decision to maintain France's credit rating at Aa3 with a negative outlook on Friday eased market fears and led to a rebound in French government bonds on Monday, while US Treasury yields also saw a slight increase.

By PrimaryBrief newsroom · Published 2026-10-26T15:45:27.528143Z
Canonical: https://primarybrief.com/article/french-bonds-rebound-after-moody-s-affirms-rating-us-yields-edge-up-f2533da0

On Monday, French government bonds demonstrated outperformance, following Moody's affirmation of France's credit rating late on Friday, October 23, 2026 [1][6]. This decision alleviated immediate fears of a downgrade that markets had widely anticipated [3][8][10]. Meanwhile, US Treasury yields edged higher [6].

This development matters because a potential downgrade of France's credit rating, a major European economy, could have triggered broader financial instability. Moody's decision provides temporary relief to French finances, but ongoing social unrest and a looming presidential election still pose significant challenges.

## What the Records Show

Moody's maintained France's sovereign credit rating at Aa3 with a negative outlook on Friday, October 23, 2026 [1][2][3][4][8][9][10]. The ratings agency stated this Aa3 rating assumes that a deficit-reducing budget for 2027 will be adopted, and that financing costs and social tensions will abate in the coming months [1][3][4][8][9][11][12].

In the bond markets, the selloff in French government bonds paused on Monday, October 26, 2026 [1][4]. The country's 10-year OAT yield declined by 4.5 basis points (bps) to 4.976% [1][4]. This followed a rise to 5.1415% on Thursday, which had been its highest level since June 2002 [1][4]. The spread between German and French 10-year yields tightened by 5 bps to 161 bps on Monday, after having reached its widest level since 2011 just the prior week [1][4].

Concurrently, US Treasury yields experienced a slight increase in European trading on Monday, October 26, 2026 [6]. The yield on the US 10-year Treasury note hovered just below 5% [7]. Concerns about French debt had previously led investors to seek the safety of US Treasurys, which had helped keep US yields near recent lows [2]. Earlier in the month, on September 15, 2026, the 10-year Treasury yield had reached 5.04%, marking its highest point since July 2007 [5].

## French Unrest Continues

The Moody's decision came amidst ongoing domestic social and political unrest in France [3][8][10]. Large-scale protests took place on Saturday, October 24, 2026, following prior significant unrest on October 17 [1][13][14][15]. The demonstrations were fueled by grievances over school funding, deteriorating teaching conditions, rising living costs, and declining public services [8][13][14][15].

On October 24, the Interior Ministry estimated that 410,000 people protested nationwide, including 110,000 in Paris, while unions claimed up to 800,000 participants nationally [14]. Although Saturday's protests were largely peaceful, clashes did erupt in Paris and other cities, involving masked protesters, with police deploying tear gas and water cannons [13][14]. Interior Minister Laurent Nuñez reported 1,314 arrests nationwide [16]. While some looting and violence occurred, it was on a "far smaller" scale than the previous week [1][13][15]. This ongoing unrest poses a significant challenge to President Emmanuel Macron's government in the final months of his presidency, ahead of the presidential election scheduled for April and May 2027 [9][14][15].

## What Officials Have Said

French Prime Minister Sébastien Lecornu welcomed Moody's decision, stating it "confounds the doom-laden forecasts of many 'experts'" and those who speculate on French debt [10]. The French finance ministry also commented that the unchanged rating reflected the "credibility of the budget the government has put forward in the 2027 finance bill, which is designed to keep our public finances on the path to recovery" [3][11][12]. Economy Minister Roland Lescure saw the decision as "recognition of the strength of our economy and the credibility of the budget" presented by the government, emphasizing the "non-negotiable" goal of adopting a responsible budget by year-end to bring the deficit down to 5% [10].

## What We Could Not Confirm

We could not confirm specific details of the proposed deficit-reducing budget for 2027 beyond its general aim to reduce the deficit to 5%.

## Evidence cited
1. French bond selloff eases as country spared ratings downgrade - The Economic Times (economictimes.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQERjOSEL4rMbEQbQJe2IC5GnVAJYdj8qv7Wp4O4xX3ywHsTK2yrC1X1ju529KtIsJA-UFn2Bst5B5qRuX2EUgGZO5seHz7SBIXVsmPjRt-BQE7Ie81X88uuW1JcJXMu7VtWA-3EMSHhieo4zOpsIZVZaWqKp35TEJBxSPnPgyRLomJtDSWFBP6kyI6hkF45nNM-7TQAaC_VirgWZcUi00wPfF1fOSWapJPAIbEIijTE6Y2Nqnlphlbtdv6bj88=
2. French Bonds Breach 5%, Briefly Overtaking U.S. Treasurys: Why It Matters For American Investors (benzinga.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQE6b8ZTN8-2OeznwmAmpBH2f7HIdVf1jB4jgs2KZ3Y4Z-725CK7pKcpFwUBQCpTibuWujv_eXXZ-0ikA55GqgSxI9iJ2FHSS3t6UsO26QODHpAgGxeq6Cd79m9gHXbwRae8M4FX1yh9SjqFZ5OWTE6D4FixRP3_QB70ItEw-5Wrgg4RcAN7OtjvD-xHrQ7W2t3Gh8zGoTXfgYvZMYyHmdgwh2viyGGUSxUbjkuKXb42r-z7OSBQCpSioNOWX1mDl47nWUoFbaV_qFMKJ1jgXA==
3. France spared Moody's ratings downgrade as it struggles with unrest (streetinsider.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHuyHdgN6UMdsgVeYyhudLQLycqAxs9JQMk5AXf43UIT5JMdi1U2iLl0i_VOxuz1l63-L6jsc-EPKBZ1bQVJDbsz1mes557IlyfHwRHR1Wclp3LWN3iwpKZBQKc_sb5IA3RrhPqkGCWsKT1Bh_NOTSeZmH-2N72nV-5nquejvQXfBCPUqIXToU3wFOg75_ittMkAHqwYcrUMjxxK2XXFQuzrDc=
4. French bond selloff eases as country spared ratings downgrade (bnnbloomberg.ca) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQG-dZlsTxM6J-mFW0lkXOk5B-XdToEo7PgI-oRzGVRulXvN37XK1Q6sz6s2d9r9k6iNIYstdZCSvEZcSYVAbI36bVPx7RvqiJRHunBAkWzEzwZbCGw5UEurgsFt65wSYwzT6KGvcedN2m6Y0_1_oAZs4tV820UF1N4LMzy5xQgDuK3bwTG5gLyP78mxbMMFwc4uy8CvFFoJ7YwSEHlEjBLbnl6Bd7ySU9cmgcyEOEmAaXJ9IQ==
5. The Daily Note - Crestwood Advisors (crestwoodadvisors.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGd5VQ0Nbuw5SvlqTGZLCWrUFHyHNN0no3utKpJ5snqCEfml0kun_LYnPaOmPG2To26Ik-vUsNoot5ET5DVef-vxLlh5ZDElyOd3snV78x1mZcjWQyaY5YUPqSzoyvQ3Ua45zaXFUr-IU6Q-Owv-8j6C54z0QquN3Gwt9JIzC_kF5P-MYWXIaKrtS6dDOP1sFabDd7a8HuKxkqafO6O4riTulCtUZHB5QVJND7kuXRg2CD1fwEErUViP2P2dtyAZbMKDLelajsGEHMiszCF-6lnCdM=
6. Treasury Yields Turn Slightly Higher, French Bonds Outperform (morningstar.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEDG5SBHNlDJ1Kk688M2Rs2IGva6rvlypCvcsEWDH9KUXlny45p8oCcUUZ1WFBuE2bA1K8Z5upQUmERLTb2yPBNcx8aSZvnJxnjAw9mKI58Ltj_XUFqgb2ZooUECwwIVTeV2vOxQ7mVNecteGcvOwFdxPssK4mKJnKNPsAW6W_wX8AEUZhjArX9cV_Rg42rRzU7nq1girHYxH2AJpvS-KongbRGrySP7vacP_vF-rr9laNfHvFwtA==
7. MarketForces Africa - Page 2 of 28 - MarketForces Africa (dmarketforces.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEsSr3DZJnHyth50BWbb5g3ojtnCIvNV3R5Qx7nj_B_QOpy273ZWgQS--sKAfBUONQn5IPO4gJLZaoisCiH0In-uL9eLVFc3BF4QTLb-JHMk8cs7BTVOUwxmjIbMsIFg2Q3ZDIAbVCL_KEIlVxEaYJLrNNBiJtaZJ-XDPssJBPs
8. Moody's keeps France's Aa3 sovereign credit rating unchanged with negative outlook-Xinhua (news.cn) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQErK5Zl7WZ52pOBq8iWFuoECT7l-0wjAjq67W1FIM2fpFXTNOKqxQmi1Y-6x4Ybsyu5WTwBWAq-LooPtVJD6kfM8ggz7W98qeeUr-UJ9N0131uz2rrPM2HO08qyiQFZwlwbqrkpNDOxG5DflZ6S7GroT4i3H3azWOtR-YlRj6eOmZ1kN2cCJHY67Kc=
9. Moody's keeps France's credit rating at Aa3, negative outlook (marketscreener.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGEXdgI4B5hSMkO9gEVhy8hsX4p2kVkxPihlYgUlENM0u3ICbUf0Ew7bCSP3MMGB8WDF7XgKzLDcm9Op2naerX8-C_P-qb53UhGsxqmGX4G3RHacbpLcS8glOw0bZB8Mwd99oalpGABDz8rO1zBJXoRKIIRSxGZKYtnANRnQXliu16SVeTjZy9VSMiVv8LACRXtqxKZo85pTsC5M_hZqA==
10. Moody's maintains France's credit rating at Aa3 despite 'debt time bomb' and social unrest | Euronews (euronews.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQG7qXlyQacS9NY3UIGIuq-qDSQI2CLwjaHY3Z46t0XWZ3I9bkIyZUEvjAidsGLM2XHurEz-2VfIIBZ2On_CcRDHDQcwpng7hBOXg7zXTsd_aRqoQkzNq9WV-jiYXSG3mLbVQaIkbSepES5uBSxgvgrOHFJlQ55lpbxq0RrXDTVL8w2Hp8M0I5WpONCbNThpwAYG50giZNVLLzKk_8CTnXKdfg==
11. France spared Moody's ratings downgrade as it struggles with unrest | Euronext (euronext.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHVxa9j1WBlNzx3OXTv9B4TUn3KC2yusBUup-7C5B6IGQuntZ_yXQgKBvp66Fc4tpY3tESQKjdfD7oKq6b0OTrJXm23Obgoe_RMMp2YqBFwLA21GgCzTTvSlw5E-6qA7TUNfiZpCGLBLV7oK_h4ITRD2TE0N1HDMwz2f6MO1wG9og6oKIq8HEOgFsp-JbhTInaM2vKbkrUj9W_c_OBqSIb8OA==
12. France spared Moody's ratings downgrade as it struggles with unrest (maal.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQF3y9C_tnrYtEWa5CIkNFQ4QNIZhlHy307r83uaD89g7nFpzEu-IiZogC6o5fzH-Ai_8oZ3QJX1aux6_k4gNYDuVioViSNhgloVLSXmY3j_mmUAmgq6kSroqAX6mcHIkm7mg6epKkqxadUCvgMdqkXeZ7RK_zrx
13. Hundreds of thousands protest across France as Macron faces social and political crisis in final months as president | France | The Guardian (theguardian.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHVOKgxYchN7F_zlySDRN-gkmu7SUt2frlVF7Hj7gskxt6_x4NfvERAZemnf-yauvDhNds0fLWfUB_MplDUoeMUorM5bBibHN128PFSPrF-jQ0ulQ3c1_aCGALBOC8N9o4ZvImaAYVzCuSbUJLU2tIbmo8Dtu_csnXgdLYrGqT5CT75bXBpbb6mESxrblrRgz2MHziUrTqmBmZFFmZZth5DbrPUeBPy0fHTavzYr3RAIiFodxajGwQU
14. More than 400,000 protest across France, challenging Macron as Paris clashes erupt | PBS NewsHour (pbs.org) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEer3pIy5eq2hELfwi7_Cvm-05FWi8xCCT0JkLwx5NC2U7larK9uMLqHL_eiHDl3lNpWyuRKtwwtHFi6TadG6ukx0iKpivxXrOp0gO7T-KPcgCZXxbQ0hbKq1EbUcrP2K55tWsRsgbK4psQPb4USudV59iXYkNmFeck9mUAVU3Oi0eh45iz8NP1qB3D2bWFO8GRKeElo-90_al5GnP76KRDwozdNsL1rk18Q68C7HM=
15. France’s violent protests put further pressure on Macron’s already weak government | Chatham House – International Affairs Think Tank (chathamhouse.org) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFUpnP_jf0-tPyj_X-TyiZGYLLXogor2MnXTd-QzqQpr1Fk844me4tCYwvG_qkmfCG91_nKoAXgvGXdhxlH6K0aGG1HBJWsHyTXCm0_bOFjB0wSjoEbOlIXhaQ1VdMn3nK_c0AikrXJ4L_tsmSbAX_ik5p4LwVMFw_9xtg4EFVa8irkccej8_4y19tn9tq-BkOg4-DHpxm-0KzBlj-QQdgoxR7G3pbSF0rKwoiwFFySdmz1TxoOwUZmoXaHqg==
16. Police arrest more than 1,300 amid France protests (cbsnews.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQG3CKJ1UVTD_Hsh1S7Ww5rzf26MhS1mYbdVRQn12__N1Xz5kk7PF6HZLcoThPJ1CjsomytOOTc9n8Hshz1G52V5Djmc9zzjOKM0ujZQIz9ofnoue0DwwK5nUtNUCd327BOI3VBRhBtWkxaYw2Y2WzCTqT-xFN_i4erF8ap-KR7FDEKqeeLx4g==
17. France: “A historical mobilisation” - International Viewpoint (internationalviewpoint.org) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEQRAK2m5-hRqYMEoBKPtJMOtGoKaouyiu9NkXQmCL1YOIayZxXSGQZWEnTk8YjjgjwBIOkmCL57axcr4bxXQZUq9X4-5O43LMj9F7Xqta8M3mweHc1mOdt79bMEuPduNOLLnO_bNFYfJeL_yhskdYIFMp3veTDlOiiHInFWGtugZgqPo8=
18. French bond selloff eases as country spared ratings downgrade - The Economic Times (economictimes.com) — https://economictimes.indiatimes.com/markets/bonds/french-bond-selloff-eases-as-country-spared-ratings-downgrade/articleshow/msid-104710173,intcmp-and_also_read.cms
19. French Bonds Breach 5%, Briefly Overtaking U.S. Treasurys: Why It Matters For American Investors (benzinga.com) — https://www.benzinga.com/markets/bonds/23/10/35183863/french-bonds-breach-5-briefly-overtaking-u-s-treasurys-why-it-matters-for-american-investors
20. France spared Moody's ratings downgrade as it struggles with unrest (streetinsider.com) — https://www.streetinsider.com/dr/news.php?id=22384793
21. French bond selloff eases as country spared ratings downgrade (bnnbloomberg.ca) — https://www.bnnbloomberg.ca/french-bond-selloff-eases-as-country-spared-ratings-downgrade-1.2003882
22. The Daily Note - Crestwood Advisors (crestwoodadvisors.com) — https://crestwoodadvisors.com/the-daily-note-october-2026/
23. Treasury Yields Turn Slightly Higher, French Bonds Outperform (morningstar.com) — https://www.morningstar.com/news/dow-jones/202610260233/treasury-yields-turn-slightly-higher-french-bonds-outperform
24. MarketForces Africa - Page 2 of 28 - MarketForces Africa (dmarketforces.com) — https://www.dmarketforces.com/2026/10/26/10-year-u-s-treasury-yield-hovers-below-5/
25. Moody's keeps France's Aa3 sovereign credit rating unchanged with negative outlook-Xinhua (news.cn) — http://www.news.cn/english/20261025/11b6f001e30349479b183652c71034f5/c.html
26. Moody's keeps France's credit rating at Aa3, negative outlook (marketscreener.com) — https://www.marketscreener.com/quote/stock/VIVENDI-SE-4601/news/Moody-s-keeps-France-s-credit-rating-at-Aa3-negative-outlook-45214068/
27. Moody's maintains France's credit rating at Aa3 despite 'debt time bomb' and social unrest | Euronews (euronews.com) — https://www.euronews.com/2026/10/24/moodys-maintains-frances-credit-rating-at-aa3-despite-debt-time-bomb-and-social-unrest
28. France spared Moody's ratings downgrade as it struggles with unrest | Euronext (euronext.com) — https://www.euronext.com/en/news/companies/2026-10-24/france-spared-moodys-ratings-downgrade-it-struggles-unrest
29. Moody's i jep Francës kohë për financat publike, mes presionit politik dhe social - Ekofin (ekofin.al) — https://ekofin.al/2026/10/25/moodys-i-jep-france-kohe-per-financat-publike-mes-presionit-politik-dhe-social-ekofin/
30. Moody's keeps France's Aa3 sovereign credit rating unchanged with negative outlook (bastillepost.com) — https://www.bastillepost.com/global/article/11796781-moody-s-keeps-france-s-aa3-sovereign-credit-rating-unchanged-with-negative-outlook
31. U.S. Treasury yields crater, 10-yr closes at one-month low on safe-haven demand (investing.com) — https://www.investing.com/news/economy/us-treasury-yields-crater-10yr-closes-at-onemonth-low-on-safehaven-demand-432SI-3208759
32. France spared Moody's ratings downgrade as it struggles with unrest - Maaal (maaal.com) — https://www.maaal.com/2026/10/france-spared-moodys-ratings-downgrade-as-it-struggles-with-unrest/
33. Moody's Keeps France Aa3 Rating With Negative Outlook Amid Protests And Planned Strikes (newscord.org) — https://newscord.org/article/66e01a896d8e8b00139b4b0a
34. America's Bond Market May Be Catching a Break — From France - Business Insider (businessinsider.com) — https://www.businessinsider.com/french-bond-turmoil-us-treasury-yields-safe-haven-2026-10
35. U.S. 10-Year Treasury Yield Falls Under 5% as French Turmoil Fuels Flight for Safety — 3rd Update (morningstar.com) — https://www.morningstar.com/news/dow-jones/202610220269/us-10-year-treasury-yield-falls-under-5-as-french-turmoil-fuels-flight-for-safety-3rd-update
36. Market Minute: Global bond selloff accelerates with focus on France (rsmus.com) — https://www.rsmus.com/insights/economy/market-minute-global-bond-selloff-accelerates-with-focus-on-france.html
37. French borrowing costs overtake US amid budget turmoil (theguardian.com) — https://www.theguardian.com/business/2026/oct/22/french-borrowing-costs-overtake-us-amid-budget-turmoil
38. The Asian Banker Weekly Brief: AI sell-off drove investors into US Treasuries as French yields passed 5%, while stablecoin rules, Barclays' private-credit exposure and Singapore's BLOOM expansion tested how banks adapt. (theasianbanker.com) — https://www.theasianbanker.com/updates-and-articles/the-asian-banker-weekly-brief-ai-sell-off-drove-investors-into-us-treasuries-as-french-yields-passed-5-while-stablecoin-rules-barclays-private-credit-exposure-and-singapores-bloom-expansion-tested-how-banks-adapt
39. United States 30 Year Bond Yield (tradingeconomics.com) — https://www.tradingeconomics.com/united-states/30-year-bond-yield
40. U.S. Treasury Secretary Scott Bessent Addresses French Bond Turmoil (biggo.com) — https://www.biggo.com/blog/2026-10-20-us-treasury-secretary-bessent-addresses-french-bond-turmoil
41. US Treasury Secretary: French bond market turmoil unlikely to trigger widespread spillover, but safe-haven capital is flowing into US Treasuries (futunn.com) — https://www.futunn.com/en/news/17852360
42. How the French bond drama affects U.S. markets (axios.com) — https://www.axios.com/2026/10/22/how-the-french-bond-drama-affects-us-markets
43. United States 10 Year Bond Yield (tradingeconomics.com) — https://www.tradingeconomics.com/united-states/10-year-bond-yield
44. France protests: 1,314 arrests, minister says, after demonstrations against cost of living and education remained largely peaceful (cbsnews.com) — https://www.cbsnews.com/news/france-protests-1314-arrests-laurent-nunez-october-24-2026/
45. Police made 1,314 arrests in France's protests: government (arabnews.com) — https://www.arabnews.com/node/2592751/world
46. France faces student talks after 1,314 arrests in weekend protests (kurdistan24.net) — https://www.kurdistan24.net/en/story/29729-France-faces-student-talks-after-1,314-arrests-in-weekend-protests
47. France arrests 1,314 during nationwide protests on Oct. 24 (aa.com.tr) — https://www.aa.com.tr/en/europe/france-arrests-1-314-during-nationwide-protests-on-oct-24/3032549
48. Almost 1,000 arrested as police charge crowd in Paris and teargas used to stop protesters reaching other city centres (theguardian.com) — https://www.theguardian.com/world/2026/oct/24/almost-1000-arrested-as-police-charge-crowd-in-paris-and-teargas-used-to-stop-protesters-reaching-other-city-centres
49. More than 400,000 protest across France, challenging Macron as Paris clashes erupt (wsls.com) — https://www.wsls.com/news/world/2026/10/24/more-than-400000-protest-across-france-challenging-macron-as-paris-clashes-erupt/
50. Police use tear gas and water cannons as more than 400,000 protest across France (irishtimes.com) — https://www.irishtimes.com/world/europe/2026/10/24/police-use-tear-gas-and-water-cannons-as-more-than-400000-protest-across-france/
51. Storefronts close as police in Paris fire tear gas and water cannons on protesters (businessinsider.com) — https://www.businessinsider.com/photos-paris-france-protests-october-2026-storefronts-boarded-up-2026-10
52. France mobilizes thousands of police to curb violence at protests over living costs (latimes.com) — https://www.latimes.com/world-nation/story/2026-10-24/france-mobilizes-thousands-of-police-to-curb-violence-at-protests-over-living-costs
53. Clashes erupt in Paris as more than 400,000 protest across France (cp24.com) — https://www.cp24.com/world/clashes-erupt-in-paris-as-more-than-400-000-protest-across-france-1.6617066
54. Clashes erupt in Paris as more than 400,000 protest across France (ctvnews.ca) — https://www.ctvnews.ca/world/clashes-erupt-in-paris-as-more-than-400-000-protest-across-france-1.6617066
55. France protests: Hundreds of thousands march in latest round of demonstrations (washingtonpost.com) — https://www.washingtonpost.com/world/2026/10/24/france-protests-arrests/
56. Clashes erupt in Paris as more than 400,000 protest across France (pbs.org) — https://www.pbs.org/newshour/world/clashes-erupt-in-paris-as-more-than-400000-protest-across-france
57. French unions and protest groups call for further demonstrations after Saturday's rallies | Columbus Ledger-Enquirer (ledger-enquirer.com) — https://www.ledger-enquirer.com/news/nation-world/article280962324.html
58. Clashes flare at Paris protests as more than 400,000 march across France | South China Morning Post (scmp.com) — https://www.scmp.com/news/world/europe/article/3280036/clashes-flare-paris-protests-more-400000-march-across-france
59. Moody’s Maintains France’s Aa3 Rating Despite Social Unrest and Economic Challenges – Global Banking & Finance Review (globalbankingandfinance.com) — https://globalbankingandfinance.com/moodys-maintains-frances-aa3-rating-despite-social-unrest-and-economic-challenges/
60. France Dodges Moody's Downgrade Amid Social Unrest and Political Gridlock (investing.com) — https://www.investing.com/news/economy/france-dodges-moodys-downgrade-amid-social-unrest-and-political-gridlock-3208759
61. France mobilizes thousands of police to curb violence at protests over living costs (post-gazette.com) — https://www.post-gazette.com/news/world/2026/10/24/france-protests-living-costs-macron-social-unrest/stories/202610240051
62. Clashes erupt in France amid protests over rising living costs (aljazeera.com) — https://www.aljazeera.com/opinions/2026/10/26/clashes-erupt-in-france-amid-protests-over-rising-living-costs
63. Treasury Yields Turn Slightly Higher, French Bonds Outperform (morningstar.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEDG5SBHNlDJ1Kk688M2Rs2IGva6rvlypCvcsEWDH9KUXlny45p8oCcUUZ1WFBuE2bA1K8Z5upQUmERLTb2yPBNcx8aSZvnJxnjAw9mKI58Ltj_XUFqgb2ZooUECwwIVTeV2vOxQ7mVNectGcvOwFdxPssK4mKJnKNPsAW6W_wX8AEUZhjArX9cV_Rg42rRzU7nq1girHYxH2AJpvS-KongbRGrySP7vacP_vF-rr9laNfHvFwtA==
64. Moody's keeps France's Aa3 sovereign credit rating unchanged with negative outlook-Xinhua (news.cn) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQErK5Zl7WZ52pOBq8iWFuoECT7l-0wjAjq67W1FIM2fpFXTNOKqxQmi1Y-6x4Ybsyu5WTwBWAq-LooPtVJD6kfM8ggz7W98qeeUr-UJ9N0131uz2rrPM2HO08qyiQFZwlwbqrkpNDOxG5DflZ6S3GroT4i3H3azWOtR-YlRj6eOmZ1kN2cCJHY67Kc=
65. Moody's keeps France's credit rating at Aa3, negative outlook (marketscreener.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGEXdgI4B5hSMkO9gEVhy8hsX4p2kVkxPihlYgUlENM0u3ICbUf0Ew7bCSP3MMGB8WDF7XgKzLDcm0Op2naerX8-C_P-qb53UhGsxqmGX4G3RHacbpLcS8glOw0bZB8Mwd99oalpGABDz8rO1zBJXoRKIIRSxGZKYtnANRnQXliu16SVeTjZy9VSMiVv8LACRXtqxKZo85pTsC5M_hZqA==
66. France 10Y Bond Yield - Investing.com (tradingeconomics.com) — https://www.tradingeconomics.com/france/government-bond-yield
67. Moody's maintains French credit rating at Aa3, outlook negative - Investing.com (investing.com) — https://www.investing.com/news/economy/moodys-maintains-french-credit-rating-at-aa3-outlook-negative-3645851
68. US Treasury yields turn slightly higher, French bonds outperform | Reuters (reuters.com) — https://www.reuters.com/markets/europe/us-treasury-yields-turn-slightly-higher-french-bonds-outperform-2026-10-26/
69. French Debt Concerns Drive Investors to US Treasurys - WSJ (wsj.com) — https://www.wsj.com/articles/french-debt-concerns-drive-investors-to-us-treasurys-2026-10-26
70. US 10-Year Treasury Yield Hits 5.04%, Highest Since 2007 - Bloomberg (bloomberg.com) — https://www.bloomberg.com/news/articles/2026-09-15/us-10-year-treasury-yield-hits-5-04-highest-since-2007
71. Moody's keeps France's credit rating at Aa3, negative outlook (marketscreener.com) — https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGEXdgI4B5hSMkO9gEVhy8hsX4p2kVkxPihlYgUlENM0u3ICbUf0Ew7bCSP3MMGB8WDF7XgKzLDcm9Op2naerX8-C_P-qb53UhGs1qmGX4G3RHacbpLcS8glOw0bZB8Mwd99oalpGABDz8rO1zBJXoRKIIRSxGZKYtnANRnQXliu16SVeTjZy9VSMiVv8LACRXtqxKZo85pTsC5M_hZqA==
72. Tear gas and water cannon deployed as protests once again roil France (irishtimes.com) — https://www.irishtimes.com/world/europe/2026/10/24/tear-gas-and-water-cannon-deployed-as-protests-once-again-roil-france/
73. Protests in France spread to dozens of cities; police use water cannons and detain more than 130 people (ukranews.com) — https://ukranews.com/news/732598-protests-in-france-spread-to-dozens-of-cities-police-use-water-cannons-and-detain-more-than-130-people
74. Photos show Paris, Marseille protests: tear gas, water cannons (businessinsider.com) — https://www.businessinsider.com/photos-france-protests-paris-tear-gas-water-cannons-marseille-2026-10
75. Tear gas and water cannon deployed as protests once again roil France (latimes.com) — https://www.latimes.com/world/europe/la-fg-france-protests-20261024-story.html
76. France faces more protests after riots, as Macron struggles to restore order (washingtonpost.com) — https://www.washingtonpost.com/world/2026/10/25/france-protests-riots-macron/
77. French bond yields reach highest level since 2002 – CNBC (ua.news) — https://ua.news/en/french-bond-yields-reach-highest-level-since-2002-cnbc/
78. France 10-Year Government Bond Yield (tradingeconomics.com) — https://tradingeconomics.com/france/government-bond-10y
79. French bond selloff eases as country spared ratings downgrade - The Economic Times (economictimes.com) — https://economictimes.indiatimes.com/markets/bonds/french-bond-selloff-eases-as-country-spared-ratings-downgrade/articleshow/98069698.cms
80. France Bond Yield Hits 20-Year High Ahead Of Moody's Review (ibtimes.com) — https://www.ibtimes.com/france-bond-yield-hits-20-year-high-ahead-moodys-review-3729906
81. French bond selloff eases as country spared ratings downgrade - BNN Bloomberg (bnnbloomberg.ca) — https://www.bnnbloomberg.ca/french-bond-selloff-eases-as-country-spared-ratings-downgrade-1.2000000