🇫🇷 FRANCE'S BORROWING COSTS HIT 24-YEAR HIGH AS DEBT FEARS MOUNT France's 10-year government bond yield briefly topped 5% for the first t…
🇫🇷 FRANCE'S BORROWING COSTS HIT 24-YEAR HIGH AS DEBT FEARS MOUNT
France's 10-year government bond yield briefly topped 5% for the first time since 2002.
Violent protests, widening fiscal concerns and political gridlock are fueling a selloff in French debt.
PGIM warns of a “perfect storm” as investors question France's ability to rein in deficits.
The key risk: Rising borrowing costs could deepen France's fiscal crisis and revive eurozone debt concerns.