
FRANCE'S BOND YIELD HITS *5.09%*
France's 10-year OAT yield pushed above 5% on Thursday, touching as high as 5.09% and surpassing the equivalent US Treasury yield for the first time since 2013. The spread over German bunds widened past 160 basis points, the widest since late 2011, as a fragile budget vote and Friday's Moody's credit review weigh on sentiment. Investors in the $EWQ France ETF are watching a G7 government now borrow more expensively than Washington.