French Bond Risk Hits Two-Week Low on Le Pen's Budget Remarks.

The article from Bloomberg.com discusses how France's bond risk decreased as hopes rose for a budget deal being reached sooner than expected, following remarks by far-right leader Marine Le Pen. The extra yield on French bonds compared to German bonds dropped to a two-week low, with investors anticipating a new budget plan after the government's collapse. President Macron is seeking a new prime minister to navigate a deeply divided parliament and address the widening deficit, with skepticism among investors about the speed of reaching a deal. The article highlights the ongoing political instability in France and the challenges in addressing the deficit through tax increases and spending cuts. [Extracted from the article]