French-German Bond Yield Gap Touches 157 Basis Points as French Yield Tops 5%
Photo: TokenPost
The yield premium on French 10-year government bonds over comparable German debt reached about 157 basis points on Oct. 21 as France’s borrowing costs crossed a level unseen since 2002. France’s 10-year yield had touched 5.002% as of 5:14 a.m. ET (09:14 UTC), moving above 5% for the first time since July 2002. The yield was up about eight basis points on the day in a morning market observation. The French-German yield gap narrowed to about 150 basis points later on Oct. 21. A basis point is 0.01 percentage point.
Source: TokenPost
