French Government Bond Yields Climb Above 5%
Benchmark French government bond yields continued rising after reaching a 24-year high, moving above 5%. Shorter-dated yields rose even more sharply.
Yields on benchmark French government bonds are extending gains above 5%, after reaching a 24-year high. Shorter-dated yields are climbing more sharply. Bond prices move lower when yields rise. France’s reliance on overseas lenders is one factor adding to the pressure from the selloff.