French OAT-German Bund Yield Spread Hits 14-Year High on Budget Woe
The spread between French 10-year OATs and German Bunds widened to 130 basis points, a level not seen since 2012, as markets brace for France's upcoming budget presentation. The move contributed to a broader rise in Eurozone bond yields, mirroring upward trends in U.S. Treasuries.