French Default Protection Costs Jump to Multiyear High
The cost of insuring 5-year French government bonds against default has risen to a multiyear high, driven by increasing fiscal and political concerns.
The cost of insuring 5-year French government bonds against default rose to a multiyear high amid growing fiscal and political concerns. French government bonds have been under pressure as higher borrowing costs weigh on public finances. On Thursday, the government outlined a budget proposal for 43…