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French and Italian bond yields jump on debt worries

Yields on French and Italian debt rose sharply on Wednesday amid a global selloff, with energy prices rising and concerns about high debt levels in some euro zone countries shaking bond markets.

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Yields on French and Italian debt rose sharply on Wednesday as a global selloff, driven by rising energy prices, combined with concerns over high debt levels in some euro zone countries to rattle bond markets. German yields were broadly steady as investors s…