France faces deepening economic and political turmoil after protests and riots, with its 10-year bond yield hitting a 24-year high amid a fiscal crisis.
01Summary
- 01Macron condemned 'unacceptable' and 'stupid' comments from Donald Trump and other foreign leaders about the unrest.
- 02The yield on French 10-year government bonds rose to 5.113%, a 24-year high, surpassing US Treasury yields for the first time since 2013.
- 03Morningstar estimated insured losses from the protests at up to €1.2 billion ($1.34 billion).
- 04France revised its 2026 GDP growth forecast down to 0.5% from 1% due to the crisis.
- 05Protests also occurred in Italy, Spain, Portugal, Albania, and Greece in solidarity with French demonstrators.
02Why it matters
Rising borrowing costs and falling growth forecasts threaten France's public finances and could affect the stability of the euro zone, while the recent unrest adds pressure on households and businesses.
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