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French borrowing costs overtake US amid budget turmoil

CN
CitrixNews Staff
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French borrowing costs overtake US amid budget turmoil

France’s bond market hit by another bout of selling as country recovers from weekend protests

French borrowing costs continued to rise on Thursday, as investors fret that France’s government is struggling to pass a federal budget after public protests gripped the country.

France’s bond market was hit with another bout of selling, with the difference between French and German 10-year borrowing costs – a metric for the risk premium attached to French debt – rising to its highest level in almost 15 years.

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Originally reported by The Guardian. Read the full story at the original source.