City workers in the La Defense business district of Paris, France, on Thursday, Oct. 9, 2025. French bonds declined after S&P Global Ratings downgraded the nation’s sovereign credit score, an unscheduled move that highlights its fiscal woes and places its debt at risk of forced selling by some funds. Yields on French debt rose led by longer-dated tenors, with 10-year yields up three basis points to 3.39% compared to a one basis point move in their German counterparts. The euro steadied after coming under ...