Business & Finance
French borrowing costs hit 24-year high as civil unrest and budget fears spook markets
The Guardian Business
Wednesday 21 October 2026, 13:17 UTC
By Phillip Inman Senior economics writer
1 min read
Key Points
Yield on 10-year government bonds passes 5% amid failure to pass budget and fallout from violent street protestsBusiness live – latest updatesFrance’s borrowing costs have climbed above 5% for the first time in 24 years as political concerns and the government’s failure to agree a much-delayed budget spook the financial markets. With some civic buildings still smouldering from recent riots,a fresh bout of selling pushed up the yield – or interest rate - on bonds issued by the second-largest...
Yield on 10-year government bonds passes 5% amid failure to pass budget and fallout from violent street protests
France’s borrowing costs have climbed above 5% for the first time in 24 years as political concerns and the government’s failure to agree a much-delayed budget spook the financial markets.
With some civic buildings still smouldering from recent riots,a fresh bout of selling pushed up the yield – or interest rate - on bonds issued by the second-largest economy in the eurozone.
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Originally published by The Guardian Business
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