Alice Gledhill

Britain’s largest asset manager, Legal & General, is hedging its government bond purchases against the risk of a renewed selloff in global debt markets.

US Treasuries are showing tentative signs of reclaiming their traditional role as a haven — threatening to wrong-foot investors who are heavily positioned for this year’s bond slump to deepen.

(Bloomberg) -- US Treasuries are showing tentative signs of reclaiming their traditional role as a haven — threatening to wrong-foot investors who are heavily positioned for this year's bond slump to deepen.

France’s sovereign bonds dropped as violence flared across the country, underlining the tension between protesters and a government that’s hamstrung by poor public finances.

The French-German 10-year yield spread widened to 146 basis points as protests over living costs intensify pressure on a government struggling to rein in its budget deficit.

A measure of French bond risk breached a key level on Tuesday, underscoring the challenges facing the government as it struggles to tame the budget deficit and defuse cost-of-living protests.

The sharp selloff in French government bonds is a reminder that an intensifying battle for capital is putting borrowers under greater scrutiny, particularly in a world awash with high yields, according to the BlackRock Investment Institute.

A measure of French bond risk breached a key level on Tuesday, underscoring the challenges facing the government as it struggles to tame the budget deficit and grapples with cost-of-living protests.

French bond stress intensified as a broad risk-off move swept global markets, with investors seeking safety in German bunds and US Treasuries.

France’s heavy reliance on foreign investors in its debt market is raising concern that it could become another driver of volatility.