POPA Recon🇫🇷 FRANCE'S BORROWING COSTS HIT 24-YEAR HIGH AS DEBT FEARS MOUNT
🇫🇷 FRANCE'S BORROWING COSTS HIT 24-YEAR HIGH AS DEBT FEARS MOUNT France's 10-year government bond yield briefly topped 5% for the first time since 2002. Violent protests, widening fiscal concerns and political gridlock are fueling a selloff in French debt. PGIM warns of a “perfect storm” as investors question France's ability to rein in deficits. The key risk: Rising borrowing costs could deepen France's fiscal crisis and revive eurozone debt concerns. (@WalterBloomberg)
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