French 10-year OAT yield hits 5% for first time since 2002
- —10-year OAT yield reached 5%, spread over Bunds topped 156 bps
- —30-year OATs trade at 5.53%, France now borrows dearer than Italy
- —Bitcoin gained 2.8% to €74,500 but is $2,300 lower than three weeks ago
- —2027 budget imposes a 31.4% flat tax on crypto-to-stablecoin conversions from Jan. 1, 2027
Why it matters: Rising French borrowing costs pressure the euro and risk assets; Moody's decision on Oct. 23 could add volatility.
Source: Journal du Coin