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France's Bond Crisis Spirals Amid US Jobs Report Looms

Guavy AI Editorial Team
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USD
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A selloff in global debt has led to a deeper crisis in France's bond market than anticipated, with concerns rising about missed deficit targets and policy gridlock.

The US jobs report is set to be a key indicator of the economy's performance, with economists predicting nonfarm payrolls rose 90,000 last month after climbing in August by the most since March.

Resilient data has been supporting riskier assets while giving the Federal Reserve room to tighten policy to combat inflation. However, France's bond crisis is hitting harder and faster than expected, with nerves fraying about missed deficit targets and policy gridlock.

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