# EUREX Bond Futures Lower as Fitch Cuts French Outlook

> German Bund futures opened lower on Monday, with the December Bund contract down 14 ticks to 122.29. Fitch cut France's rating outlook to negative, and the OAT-Bund spread sits near 160 basis points.

- Date: 2026-11-02 · published 2026-11-02T21:06:22.208Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/75780-eurex-bond-futures-lower-as-fitch-cuts-french-outlook
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

This is a bond market move with little direct link to feed grains, oilseeds or livestock prices. Its effect on feed commodity prices is indirect, mainly through euro and rate expectations.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-05-31 | [EUR/USD outlook hinges on key upcoming macro events – Forex Friday](https://feedsoft.ai/events/30470-eur-usd-outlook-hinges-on-key-upcoming-macro-events-forex-friday.md) | +0.4% | -1.2% |
| EURUSD | 2024-09-12 | [European Central Bank cuts interest rates again and lowers growth forecasts](https://feedsoft.ai/events/28530-european-central-bank-cuts-interest-rates-again-and-lowers-growth-forecasts.md) | +0.9% | -0.6% |
| EURUSD | 2025-10-30 | [Euro zone markets steady as ECB offers no clues on outlook \| 1330 & 101.5 WHBL](https://feedsoft.ai/events/22623-euro-zone-markets-steady-as-ecb-offers-no-clues-on-outlook-1330-and-101-5-whbl.md) | -1.5% | -0.5% |
| EURUSD | 2023-11-27 | [EUR/USD Weekly Forecast: Outlook Turning Brighter for Europe \| Investing.com](https://feedsoft.ai/events/33382-eur-usd-weekly-forecast-outlook-turning-brighter-for-europe-investing-com.md) | -0.5% | +0.7% |
| EURUSD | 2021-02-18 | [Euro-Dollar Rate, the ECB's Currency Concerns and Two Competing Outlooks for 2021](https://feedsoft.ai/events/48855-euro-dollar-rate-the-ecb-s-currency-concerns-and-two-competing-outlooks-for-2021.md) | +0.8% | -1.1% |

## Sources

- finanzen.net: https://www.finanzen.net/nachricht/aktien/eurex-renten-futures-im-minus-blick-auf-frankreich-nach-fitch-16028429

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.