France's Bond Selloff Intensifies Amid Deficit Concerns as US Jobs Data Looms
Source Summary
A global debt selloff is accelerating in France, driven by concerns over missed deficit targets and political gridlock. The US nonfarm payroll report is expected to show job growth of 90,000 last month, following stronger August gains, with resilient employment data potentially supporting riskier assets while giving the Federal Reserve scope to continue tightening policy against inflation.
Why it matters
Bond market stress in a major eurozone economy and US employment resilience directly influence central bank policy decisions and asset valuations across global markets.
What remains uncertain
The exact magnitude of France's deficit shortfall and the timeline for policy resolution remain unclear.
