FRENCH YIELDS NOW TOP US TREASURYS

France's 10-year bond yield climbed to 5.08% on October 22, according to market data, while the US 10-year Treasury yield sits at 4.84%, per Federal Reserve data. The gap flips a pattern that has held for most of the past decade, when Washington routinely paid more than Paris to borrow for ten years. Investors are rotating out of French debt and into havens like $IEF as France's budget deadlock and political instability deepen. The eurozone's second-largest economy is now a bigger worry for bond markets than the United States.