France's benchmark 10-year OAT yield surged 16 basis points on Wednesday, reaching a multi-decade high and accumulating over 100 basis points of increase since the start of the year. This comes as student protests continue and the government faces intensified market pressure ahead of crucial budget negotiations. Pimco CEO Emmanuel Roman warned that the situation in France's bond market is "critical" and sending a "serious signal" to the government, urging deficit reduction and credible political policy. Bank of France Governor Emmanuel Moulin, however, downplayed the need for European Central Bank assistance, stating the ECB's role is to fight inflation, not address fiscal problems.