France's borrowing costs have reached a 24-year high, with the 10-year government bond yield briefly surpassing 5% for the first time since 2002. Violent protests, widening fiscal concerns, and political gridlock are fueling a selloff in French debt. PGIM warns of a “perfect storm” as investors question France's ability to rein in deficits, with rising borrowing costs potentially deepening the country's fiscal crisis and reviving eurozone debt concerns.