French Bond Risk Premium Hits 2012 Highs
France's borrowing costs compared to Germany surpassed one percentage point for the first time since 2012. Investors are increasingly uneasy about the country's high budget deficit and upcoming elections.
Insights:
France's 10-year bond yield spread over Germany widened past 100 basis points on Friday, hitting levels last seen during the 2012 euro zone debt crisis. The surge highlights mounting investor anxiety over the nation's 5.4% budget deficit and upcoming presidential elections.
