French 10-Year Bond Yield Hits 5.142%, Highest Since 2002 Amid Debt Fears
France's 10-year bond yield surged to 5.142%, marking its highest level since 2002, as intensifying debt fears fueled a selloff. The spread over German Bunds widened to 173 basis points, the widest since 2011, driven by budget uncertainty, political instability, and violent protests. Meanwhile, investors sought safety in U.S. Treasuries, pushing 10-year yields down 7.3 basis points to 5.072%. European credit stress is also rising, with the iTraxx Crossover index hitting 329 basis points, a nearly seven-month high.
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