French 10-year government bond yields hit 5%, the highest since 2002, as investors grew worried about political stability and public finances; yields closed at 4.99% on 21 October. French borrowing costs have risen sharply from 3.2% in late February, and France has been hit hardest among G7 economies as the Iran conflict pushed up inflation. The French-German 10-year spread neared 1.6 percentage points, a level not seen since the eurozone debt crisis more than a decade ago, while Belgium, with public debt at 108% of GDP and stalled budget talks, also came under pressure. Moody's is due to announce its rating decision on France on Friday, and a downgrade is a substantial possibility given the already negative outlook on its Aa3 rating; investors say the ECB would only intervene if the bond market weakens sharply across the bloc.
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Original headline: Lợi suất trái phiếu Pháp lên đỉnh hơn 2 thập kỷ
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EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 1.12328 |
| Change that session | -0.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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