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French 10-year yields ease but stay near 5%

French 10-year government bond yields eased after jumping to the highest level since 2002, following release of the government’s 2027 budget amid fiscal-trajectory concerns.

French 10-year government bond yields eased after rising to their highest level since 2002 on Thursday, as the government unveiled its 2027 budget amid concerns over the country’s fiscal path. French bonds have been under selling pressure in recent weeks on expectations for…