Le Pen pledges faster deficit cuts, French bond yields fall

Marine Le Pen, presidential candidate, promises to reduce France's budget deficit faster than the current government if elected, a move that appears to calm French bond markets, with the 10-year yield falling 2.4% in morning trading. The statement marks a shift from her previous fiscal stance, likely aimed at reassuring investors. The market reaction suggests reduced political risk premium, but the feasibility of her plan remains uncertain.