French Bond Yields Jump as Spread Over German Debt Widens
French yields rose sharply while U.S. and German yields fell, taking the 10-year French-German spread to its widest since 2011.
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French yields rose sharply while U.S. and German yields fell, taking the 10-year French-German spread to its widest since 2011.
The euro hit a 17-month low below $1.12 as fears of contagion from rising French borrowing costs spread across the euro area. The gap between French and German government bond yields widened to its highest since the euro debt crisis.