The Guardian reports that French government bonds sold off on 22 October 2026 as budget gridlock and recent protests unsettled investors. France’s 10-year yield rose nine basis points to 5.089%, exceeding the US equivalent for the first time since 2013, while its spread over Germany reached an almost 15-year high. Deutsche Bank reported widening Italian and Spanish spreads. ING’s Carsten Brzeski expected the ECB to hold rates next week, with further tightening dependent on fiscal developments. The article contains conflicting historical yield comparisons.
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