France returns to lockdown, but OAT buyers shrug

By Lewis McLellan
01 Apr 2021

French president Emmanuel Macron announced on Wednesday that stringent lockdown measures imposed in some areas will be extended nationally for a month. Though the measures will cost France €11bn, it is unlikely to provoke a serious response in France’s bond market.

French schools and non-essential shops will close from Saturday. There will be a ban on travelling more than 10km. A curfew of 7pm will be imposed.

France’s seven day average for new cases is 37,997 — the worst since November 2020.

The development does not appear to have ...

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