The rout widened the spread between French and German 10 year bonds to 159.4 basis points, a 15 year high not seen since the European Debt Crisis. France's public debt has risen to 119% of GDP with a projected budget deficit of 5.4%, leaving its borrowing costs 35 basis points above Italy's. These increases are estimated to cost taxpayers 3 billion euros annually in additional interest. Pressure remains elevated as Moody's is scheduled to review the country's credit rating on Friday amid parliamentary gridlock and an upcoming presidential election.
Saturday, October 24, 2026
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French 10 Year Yield Tops US Treasuries for First Time Since 2013
Global Markets2 days ago
Borrowing costs for France's benchmark sovereign debt climbed to 5.09% on Thursday as investors reacted to deepening political and fiscal instability. This rise of about 8 basis points pushed the rate above the US 10 year Treasury yield of 5.08%, marking the first time since 2013 that France's benchmark has exceeded the US equivalent. The shift coincides with a retreat into US Treasuries driven by stock market volatility, intensifying a selloff in French bonds that began after a weekend of violent protests.
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