France's yields hit fresh 24-year high, spread at widest since Nov 2011
TLT•France's 10-year government bond yield rose 4 basis points to 5.039%, its highest since July 2002. The yield premium over German Bunds widened to 16 basis points, its highest since November 2011.
1. Yields reach new high
France's benchmark 10-year government bond yield rose 4 basis points to 5.039% on Thursday, its highest level since July 2002. It moved above 5% on Wednesday.
2. Spread widens
The premium over German Bunds rose to 16 basis points, its widest since November 2011. Concerns about France's strained public finances, ongoing street protests, political uncertainty ahead of next year's election and difficulties passing a budget weighed on market sentiment.
