One Turn
French bond yield hits 5% and Carrefour shares fall on unrest
France's 10-year government bond yield reached 5% for the first time since 2002 as the government faces pressure to cut spending while protesters demand more. Carrefour shares fell 14% after it cut its 2026 forecasts, citing social unrest weighing on consumer spending.
Why it matters
Higher borrowing costs raise the expense of financing France's public debt.
Background
France has one of the eurozone's highest debt levels. Riots and protests have hit retail and business activity in several cities.
The story so far
- French bonds, stocks and euro fall as unrest compounds debt fears
- French bond yield hits 5% and Carrefour shares fall on unrest
- French 10-year bond yield reaches new 24-year high
- French borrowing costs rise as debt and political risks mount
- French borrowing costs hit 24-year high after unrest
Sources
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