French Bond Yields at 2002 High as Fiscal Concerns Deepen
France’s 10-year OAT yield surged above 4.9%, reaching its highest level since July 2002, after posting its biggest quarterly increase in nearly four decades. The move came as the minority government unveiled its long-awaited plan to rein in the budget deficit, targeting a reduction to 5% of GDP next year from 5.4% thi