French borrowing costs reach 24-year peak

France’s financial markets have been shaken by civil unrest and political uncertainty, causing the yield on the country’s 10-year government bonds to surpass 5%—the highest in 24 years. The rising bond yields follow the government’s failure to pass a budget and ongoing violent protests over issues like cost of living and public services. International lenders have become hesitant to supply loans, further weakening France’s economy and the euro.

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