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France's borrowing costs hit 2002 high
France's borrowing costs have soared to their highest levels in over two decades, with the yield on its 10-year bonds reaching 4.96%, the highest since 2002. This comes amid a wave of selling in global bond markets and rising concerns over debt and inflation. The rising yield has widened the spread with German bonds to about 133 basis points, reflecting increased risk associated with French debt. France's public debt exceeded 3.595 trillion euros by the end of the second quarter of 2026, representing 119% of its GDP. The government is trying to tighten public finances and reduce deficits, but the rising cost of borrowing is increasing debt-servicing expenses and putting additional pressure on the country's fiscal stability.
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