French 10-Year Yield Hits 24-Year High as Macron Criticizes Trump
Photo: TokenPost
The 10-year French government borrowing rate hit 5.1415% at its session peak on Oct. 22, its highest level in 24 years, as fiscal concerns and political unrest put pressure on the country’s finances. At 8:39 a.m. ET (12:39 UTC), the yield stood at 5.0813%, compared with 4.9938% in the previous session. France’s first move above 5% since 2002 came the day before. Investors have questioned whether France can reduce its large budget deficit. Parliament is reviewing the 2027 budget, but the government lacks a majority and may use special powers to pass it, potentially bringing more political turmoil.
Source: TokenPost
