French bond yields reach 24-year high due to civil unrest and budget concerns
France's ten-year bond yield reached 5.005 percent, the first time it has exceeded 5 percent since 2002. Investors are losing confidence in France's finances, with bond spreads widening and borrowing costs rising. The French government struggles to pass a budget amid parliamentary division, and its debt approaches 120 percent of GDP.
- The French ten-year bond yield reached 5.005 percent.
- France borrows at a higher rate than Italy.
- The spread between the French and German rates was 1.57 percentage points.
- The risk premium for French securities was over 1.56 percentage points on Wednesday.
- The French government is struggling to pass a federal budget through a divided parliament.
- France's debt pile stood at 115.6 percent of GDP.
Outlets: Channels TV, Deutschlandfunk, ECO, Financial Times, Handelsblatt, International: Top News And Analysis, La Croix, La Vanguardia, Le Figaro, Le Parisien, Perfil, Postimees (English), RTBF Info, Semafor, The Guardian
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