French borrowing costs overtake US amid budget turmoil

French borrowing costs are increasing amid concerns over the government's ability to pass a budget following public protests. The yield on the French 10-year bond rose to 5.089%, surpassing US Treasury yields for the first time since 2013. Protests demanding educational reforms turned violent, leading to clashes with police and significant arrests. The government faces challenges in implementing pension reforms and controlling state spending, with a budget deficit of 5.1% of GDP. Rising yields are impacting other European countries, prompting speculation about the European Central Bank's monetary policy decisions.