(BFM Stock Exchange) – The Parisian star index decreases this Thursday, pulled down by the concerns around the American debt while the budget project of Donald Trump passed the stage of the House of Representatives.
The Paris Stock Exchange has not found the necessary resources to revive. Its star index, the CAC 40 fence down 0.58% to 7,864.44 points this Thursday, May 22, the day after a decline of 0.4%.
The attention of the markets is still focused on discussions on the tax reform project led by the President of the United States, Donald Trump. The House of Representatives voted this budget bill and will now be examined by the Senate.
A new auction
The market mainly questions the scope of this text on the trajectory of the debt of the United States. This project could indeed increase the American public debt, already colossal to nearly $ 37,000 billion, of 3.800 billion over the next decade, according to estimates of the Congressional Budget Office (Congress Budget Budget).
The yield of the 10-year-old treasure bonus changes around 4.56%, and that of the deadline at 30 years camp above the symbolic threshold of 5%, at 5.073%at the end of the American markets.
It is in this sensitive context that a new auction of the US Treasury is scheduled for this evening, this time bringing bonds to 10 years, whose return is adjusted to inflation, warns Alexandre Baradez, responsible for market analysis at IG France.
“The results of the adjudication of TIPS (the adjudication of government bonds) can influence the yields of nominal bonds at 10 years, which are currently at 4.6%. A disappointing (low -demand) auction could push up yields upwards, reflecting concerns about tax risks, especially in a context of high federal deficits, and fuel Actions, especially after the rebound marked in recent weeks, “explains the specialist.
Elior Strong increase in SBF 120
On the values ​​side, Elior closes up 3.8% after the publication of the results of the first half of 2024-2025.
The specialist in natural extracts Roberttet won 1.8% after announcing his strategic plan for the next five years and aims for a turnover between 1.1 and 1.2 billion euros by 2030.
In other markets, the euro gives way 0.4% against the dollar to 1.1286 dollars. Oil gives way. The July Brent of the North Brent contract abandons 1.5% to $ 63.92 a barrel, while the June on the WTI listed in New York gives $ 60.67 to a barrel.
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