In European markets on the 30th, the STOXX Europe 600 index closed at 634.89, down 0.50% from the previous day, falling 2.49% for the month in its first decline in six months and slipping 1.07% for the quarter. In London, the FTSE 100 fell for a third straight session, down 2.02% for the month, though it held a 1.04% gain for the quarter, while the mid-cap FTSE 250 rose 0.68% from the previous day, advancing for a fourth consecutive session. In eurozone bond markets, the French 10-year yield stood recently at 4.84%, up 2 basis points from the previous day, having touched 4.8485%, an 18-year high, with its September rise at 66.5 basis points, the largest since late 2022, and its quarterly increase at 119 basis points, on track for the biggest since 1987. The German 10-year yield fell 4 basis points to 3.57%, and the spread between German and French 10-year yields reached 125.90 basis points, the widest since June 2012. Among individual stocks, bakery chain Greggs rose 8.2% after raising its full-year profit outlook, and Saga climbed 22.8% after forecasting a sharp increase in profit, while the utilities index rose 1.67% as remarks by UK Prime Minister Burnham drew investor attention.
French 10-year yield hit an 18-year high of 4.8485% and posted its biggest quarterly rise since 1987, with the German-French spread at its widest since 2012.
German 10-year yield fell 4bp to 3.57%, a decline in the yield itself (bond price up) amid the French spread blowout.
