French 10-Year Government Bond Yield Rises to 5%, Highest Since 2002
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On October 21, 2026, the yield on French 10-year government bonds rose to 5% in early trading, the highest level since 2002. The spread between French and German 10-year government bonds approached 160 basis points, reaching levels not seen since the Eurozone debt crisis. France's current public deficit stands at 5.4% of GDP, and its national debt-to-GDP ratio reaches 119%, the highest level since 1946. Moody's will assess France's Aa3 rating later this week. Deutsche Bank's assessment shows that France is the most vulnerable economy among the 18 Eurozone countries to sovereign debt crisis risks.
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- ZeroHedgeSocial Unrest and Fiscal Crisis Combine as French Bond Yields Surge to 24-Year High
French 10-year government bond yields rose to 5% in early trading, the highest level since 2002, with the French-German 10-year spread approaching 160 basis points, a level not seen since the Eurozone debt crisis. Moody's will assess France's Aa3 rating later this week. France's public deficit currently stands at 5.4% of GDP, and national debt reaches 119% of GDP, the highest level since 1946. Analysis by Deutsche Bank shows that France is the most vulnerable economy among the 18 Eurozone countries to sovereign debt crisis risks.
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