French Prime Minister Lecornu Has Resigned After Cabinet Panned
Published on: Oct. 6, 2025, 1:37 p.m. | Source: NDTV Profit
French Prime Minister Sebastien Lecornu resigned Monday morning, just a day after President Emmanuel Macron named a new cabinet that was broadly criticised. French bonds fell as investors braced for more political uncertainty. The yield on 10-year notes rose nine basis points to 3.6%. That widened the nation’s borrowing premium over German debt — a key gauge of fiscal risk — to over 89 basis points, the highest level since late 2024.
