French financial markets came under pressure on Monday amid social unrest, political instability and mounting national debt. The French 10-year bond yield jumped 7 basis points, near its highest level in decades, while the CAC 40 index fell nearly 1%. The spread between French OATs and German Bunds hit its highest level since the European Sovereign Debt Crisis of the early 2010s. France’s budget deficit stands at around 5% of GDP, well above the 3% limit set by European rules, with investors demanding a growing premium to fund the country.
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