Market News / Story
France's bond rout is dragging the euro down
Seeking Alpha ·
Seeking Alpha reports: French borrowing costs have surged to their highest in more than two decades, pushing the gap over German debt to levels last seen in the euro crisis and sending the euro to a 17-month low. Yields eased on Tuesday, but the stress has spread beyond France. What is happening? France's 10-year yield neared 5% last week, according to Bloomberg. The premium over Germany reached about 150 basis points last week, a level Bloomberg said had not been seen since the euro-area…