France's 10-Year Borrowing Cost Tops 5 Percent, a First Since 2002
The yield on France's 10-year government bond rose above 5 percent on Wednesday, October 21, for the first time since 2002, Euronews reported, a sign of investors' concern about French government finances and higher interest rates in Europe. Higher government borrowing costs can feed through to mortgages and business loans.
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