Reported about 9 hours ago
France's long-term borrowing costs are nearing a 14-year high, with the 30-year bond yield rising to 4.15% as Fitch Ratings prepares to review the country's credit rating. This increase follows a notable selloff in the European bond market driven by Germany's spending plans, and comes as the French government commits to increased defense spending despite ongoing concerns about fiscal consolidation. Analysts predict a potential downgrade to a single-A rating could trigger forced sales from some investors.
Source: YAHOO