France’s Budget Battle Pushes Bond Yields To 18-Year Highs As Government Collapse Fears Mount
France is once again at the center of a brewing fiscal and political crisis, with investors demanding a sharply higher risk premium to hold French government debt. The yield on France’s 10-year government bonds, known as OATs, climbed above 4.5% for the first time since 2008 and was last seen trading at 4.6696%, reflecting deep…