One Turn
French 10-year bond yield reaches new 24-year high
France's 10-year government bond yield rose to a new 24-year high on Thursday, CNBC reported, as unrest continued across the country. Analysts quoted by CNBC said bond markets are showing unease over sovereign debt in parts of Europe and over financing costs for artificial intelligence.
Why it matters
Higher yields raise France's borrowing costs and can spill over into other euro zone bond markets.
Background
France has carried large budget deficits and high public debt, and recent governments have struggled to pass budgets. The yield earlier this week topped 5% for the first time since 2002.
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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