France: OAT yields exceed the 5 per cent mark, hitting their highest level since 2002

Spread against the Bund at 157 points, the highest since 2001

(Il Sole 24 Ore Radiocor) - The yield on the French 10-year benchmark bond surpassed the symbolic 5 per cent threshold this morning, for the first time since May 2002. It has since retreated in recent trading and currently stands at 4.98 per cent.

"Last weekend’s violence – notes AFP – has reinforced investors’ doubts about the country’s ability to put its finances in order."

The spread between OATs and Bunds is also continuing to rise and currently stands at 157 points. Yesterday it closed at 153 points, marking its highest level since November 2001.

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