France's interest rates rise above 5%, a self-inflicted sanction

French 10-year bond yields surpassed 5% for the first time since 2002, highlighting a dual budgetary and political crisis. This increase is largely self-inflicted, with France being particularly affected by rising global interest rates. The spread between French and German bond yields has widened significantly, reaching 157 basis points, a level not seen since the euro crisis in 2011. The rapid increase in this spread has raised concerns among investors, with France becoming a focal point of market anxiety. Experts suggest that the pressure will persist until there are clear signs of improvement in the situation.