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France faces crisis as bond yields near 5%
The yield on ten-year French government bonds exceeded 5% for the first time since 2002, due to escalating protests and riots that took place across the country over the weekend, along with deteriorating economic conditions and financial policy challenges. The yield increased by approximately 6 basis points to reach 4.9794%, amid expectations of additional pressure on the government to approve the budget, amid rising public debt and budget deficits, amid internal unrest and increasing social tensions.
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