French Default Protection Costs Hit Multiyear High Amid Fiscal Concerns
The cost of insuring French government bonds against default has reached a multiyear high due to mounting fiscal and political concerns. France's proposed 2027 budget includes significant spending cuts.
The cost of insuring French government bonds against default rose to a multiyear high as fiscal and political concerns increased. France on Thursday presented a proposed 2027 budget that included 43 billion euros in spending cuts and cost savings. Spreads between French and German 10-year government bonds…