France’s 10-Year Yield Falls to 4.69%, Its Lowest Since Sept. 25

France’s 10-year government bond yield has fallen to about 4.69%, its lowest level since Sept. 25, while the gap over German borrowing costs has narrowed below 150 basis points.

The yield retreated from an October high near 5.14% as French bond prices rose. It had crossed 5% for the first time since 2002 during October.

The French-German 10-year spread recently dropped below 150 basis points, compared with a decade high of 178 basis points. One basis point equals 0.01 percentage point.