News Summary

• France’s 10-year bond yield has risen more than 130 basis points since June, topping 4.9 percent.
• The surge reflects a growing conviction in bond markets that lending to France is becoming an increasingly risky proposition.
• While France is grappling with a widening gap between government spending and revenues, the country's fragmented political landscape is bitterly divided on how to plug the hole.
• Hundreds of thousands of protesters, some of whom have participated in rioting and looting, have taken to the streets to oppose proposed budget cuts.