Economy
French bond yields surpass 5% for the first time since 2002, risk premium against Portugal hits all-time high
The 10-year French government bond yield reached 5% on Wednesday 21 October 2026 for the first time since 2002, while Portugal's borrowing rate stands at 3.9%. The risk spread between the two countries exceeded 100 basis points this week.
Why it matters
This marks a rare shift in European sovereign debt markets where French borrowing costs have risen above historical norms relative to Portugal, though it does not immediately change household interest rates or banking fees.ExpressoRead original ↗
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