BNP Paribas Act. Cat.A

BNP: XPAR (FRA)
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French Banks Rattled by Political Turmoil, but Market Reaction Looks Overdone

Shares of BNP Paribas, Crédit Agricole, and Société Générale plunged 8%–10% on Aug. 27, as renewed political instability gripped France. The spread of French 10-year bonds over German bunds spiked by 14 basis points to 82 basis points —just shy of its November 2024 highs.

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