France’s Borrowing Costs Hit 5% for First Time Since 2002
Concerns over public finances and political stability have helped push up 10-year bond yields from 3.2% in late February
TL;DR
- 10-year bond yields in France have reached 5%.
- This is the highest level seen since 2002.
- The increase is attributed to concerns over public finances.
- Political stability concerns have also contributed to the rise in yields.
- Yields were at 3.2% in late February.