French OAT Yields at 2008 High on Rate-Hike Bets, Budget Risks
France’s 10-year OAT yield rose to 4.7%, its highest level since 2008, as elevated energy prices fuel concerns over renewed inflationary pressure and hawkish central-bank signals lift rate expectations. Money markets are now pricing in roughly 100 basis points of ECB rate hikes by late 2027, while investors in the US a