French parliament will need ‘serious’ budget talks given bond market tensions
The yields on French 10-year government bonds reached their highest level since 2008 last week, going above 4.13%.
French parliament faces the prospect of "serious" budget negotiations amid rising bond market tensions, according to government spokeswoman Maud Bregeon. The government aims to keep the deficit in check ahead of the 2027 presidential election, which polls predict may benefit the far right. French 10-year government bond yields hit a high since 2008 last week, surpassing 4.13%.
The government is determined to maintain the deficit near a 5% target, as announced by Finance Minister Roland Lescure. However, the European Commission forecasts a 2026 budget deficit of 5.1%, exceeding the EU's 3% limit.
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- French parliament will need ‘serious’ budget talks given bond market tensions freemalaysiatoday.com
