French bond yields rise on protests and budget concerns; Treasury yields fall

French OAT yields rose 7.8 bps to 4.866% as violent protests and budget-deficit worries stoke political uncertainty. The spread over German Bunds hit a two-week high of 145 bps. U.S. 10-year Treasury yields fell 2.1 bps to 5.076% on lower oil prices and reduced Fed rate-hike expectations. Markets see an 85% chance of no move at the Oct. 28 FOMC meeting.