France's Borrowing Costs Hit 24-Year High on Budget Crisis

France's 10-year government bond yields have exceeded 5% for the first time in two decades, driven by political instability, failure to pass a budget, and fallout from recent civil unrest. The spike reflects investor concerns about fiscal discipline and political gridlock in the eurozone's second-largest economy. Rising French borrowing costs risk contagion effects across eurozone markets and complicate the ECB's monetary policy outlook.