French finance minister, Éric Lombard, tried to calm the nerves by urging a compromise on the budget. That especially if Bayrou is toppled when we get to the confidence vote on 8 September. But looking at the bond market, the rout is still keeping up for now. 30-year yields in France is now hitting 4.50% and 30-year yields in the US are at 4.99%. The latter is going to be one to watch if we do see a material break above the 5% threshold. The calm we're seeing now might not last if investors start to run for cover again amid another upshot in yields.
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