Approaching the level of the European debt crisis! Is France's debt risk starting to spill over?
On Thursday, concerns over France's fiscal situation and renewed street protests this weekend weighed on market sentiment, pushing the premium of French government bonds over the region's safe-haven German bunds further to the highest level in 15 years. Market data showed that the yield on France's benchmark 10-year government bond stood at 5.06% late Thursday, up 6.5 basis points, after having touched 5.1415% earlier, the highest level since July 2002.
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