France Risks Losing Its Spot Among Europe’s Safest Bond Markets
- 10-year yield is higher than Spain’s for first time since 2007
- Government under pressure to present budget to trim deficit
France’s status as one of the safest bond markets in Europe risks coming to an end as a fragile minority government struggles to address a debt problem years in the making.
For the first time since at least the global financial crisis, France’s benchmark bond yield is higher than that of Spain and Portugal. The rate is also the closest it’s been in over a decade to that of Italy and Greece.