France's benchmark 10-year bond yield passes 5%, a first since 2002
The yield on France's 10-year government debt climbed above 5% on Wednesday, a level it had not reached since 2002, news organisations reported.
AI illustrationThe yield on France's benchmark 10-year government bond rose above 5% on Wednesday, news organisations reported. It was the first time the yield had crossed that mark since 2002.
Investors were reportedly demanding a higher return for holding French government debt.
The gap between French and German 10-year bond yields also widened sharply, reportedly reaching nearly 160 basis points on Wednesday.