French 10-Year Government Bond Yield Tops 5% for First Time Since 2002
The yield on French 10-year OAT bonds has exceeded 5% — for the first time since the dot-com crisis. The spread over German bonds has reached almost 160 basis points. Pressure on the government is mounting ahead of Moody's decision on the sovereign rating, which most economists expect to be a downgrade. Prime Minister Sébastien Lecornu, without a majority in parliament, is trying to push through the 2027 budget with €43 billion in cuts.
Sevara Azamova

