Sharp Rise in Bond Market Rates Impacts European Markets negatively: Euronext CAC40 Analysis

2023-08-03 15:50:58

European markets closed down on Thursday, like the day before, suffering from a sharp rise in long rates on the bond market, which cooled investors on the equity market.

Paris closed down 0.72%, Frankfurt down 0.79% and London down 0.43%. On the bond market, the yield on 10-year US government bonds stood at 4.18% around 3:45 p.m. GMT, the highest since November 2022.

Euronext CAC40
1691089349
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