• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Markets lift the penalty on French spread with biggest daily drop since 2020

FinanceInternationalCinco Días35 s readAI summary
Image: Cinco Días

French markets recovered on Monday after a black week, following Moody's decision to keep France's credit rating at AA3 instead of downgrading it. The risk premium fell from 167 to 154 points, a 13-point drop, the largest since 2020. The yield on the French 10-year bond fell 11 points and returned below 5%. Moody's expects the government to approve a 2027 budget aimed at reducing the deficit. Société Générale and BNP rose more than 2% and the Cac 40 gained 0.8%.

In 35 seconds

  • Moody's kept France's rating at AA3, despite market expectations of a downgrade
  • The French risk premium fell 13 points, from 167 to 154, its biggest daily drop since 2020
  • The French 10-year bond yield fell 11 points and returned below 5%
Read the full story at Cinco Días

IASummary generated by artificial intelligence from a story by Cinco Días. It may contain errors: the original source prevails.

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