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France's bond yields rise above Greece's for first time amid political instability in Paris

The article from MSN discusses a notable shift in the European bond market where, for the first time, France's 10-year bond yields have surpassed those of Greece. This unusual occurrence is attributed to political instability in Paris, particularly following President Emmanuel Macron's decision to call for a snap parliamentary election after his party's defeat in the European Parliament elections. This move has led investors to question France's economic stability, causing a sell-off in French bonds. Consequently, the yield on French 10-year bonds rose to 3.19%, slightly above Greece's 3.18%. The political uncertainty has also led to a significant increase in the yield spread between French and German bonds, reaching its highest since 2017. This situation reflects broader concerns about France's fiscal health and the potential for increased borrowing costs, which could impact the broader European financial landscape.

Read the Full MSN Article at [ https://www.msn.com/en-us/money/other/france-s-bond-yields-rise-above-greece-s-for-first-time-amid-political-instability-in-paris/ar-AA1uUWo1 ]