France 10y hits 5.002%, highest since 2002; 157bp over Bunds = ~1.46x Germany's rate, ~EUR157M/yr extra per EUR10B
France's 10-year government bond yield touched 5.002% Wednesday, its highest since 2002, as protests and a stalled budget add to worries about its finances.
The gap over Germany is ~157 basis points, so Berlin pays ~3.43% and Paris now borrows at ~1.46x that. Every EUR10B of new 10-year debt costs France ~EUR157M a year more than Germany.
Sources: CNBC: French 10-year bond yield hits 5% for first time since 2002 amid unrest · @FT: France's long-term borrowing costs hit 5%, last reached in 2002 · @jsblokland: France 10y now 1.58 points above Germany's
Not financial advice. For informational and educational purposes only.
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