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French bond yields hit 5 percent
French 10-year bond yields have surpassed the 5% mark for the first time since 2002, amid increasing pressures on the country facing political crises, protests, and divisions in parliament hindering the passage of the new budget. The rise in yields to approximately 4.98% reflects market calls for fundamental fiscal reforms, as investors demand reductions in the deficit and public debt. Expectations point to spending cuts of 54 billion euros, while France must also adhere to EU requirements to cut the deficit to around 3% of GDP.
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