France 10-Year OAT Yield Highest since 2008

2026-08-18 08:49 By Agna Gabriel 1 min. read

France’s 10-year OAT yield rose above 4.10%, reaching its highest level since October 2008, amid a broader global fixed-income selloff.

Rising oil prices, following the expiry of the US-Iran ceasefire and Tehran’s threat to adopt a more aggressive military stance, have revived inflation concerns and contributed to higher borrowing costs.

However, France faces additional pressure from its worsening fiscal position.

Interest payments reached €34.5 billion in the first half of the year, 19% higher than a year earlier, while public debt is already around 118% of GDP.

Even if the government meets its target of limiting the budget deficit to about 5% of GDP this year, debt is projected to climb further in the coming years.

Meanwhile, softer US economic data have reduced expectations for near-term Federal Reserve tightening, contrasting with increasingly hawkish expectations for European monetary policy.



News Stream
France 10-Year OAT Yield Highest since 2008
France’s 10-year OAT yield rose above 4.10%, reaching its highest level since October 2008, amid a broader global fixed-income selloff. Rising oil prices, following the expiry of the US-Iran ceasefire and Tehran’s threat to adopt a more aggressive military stance, have revived inflation concerns and contributed to higher borrowing costs. However, France faces additional pressure from its worsening fiscal position. Interest payments reached €34.5 billion in the first half of the year, 19% higher than a year earlier, while public debt is already around 118% of GDP. Even if the government meets its target of limiting the budget deficit to about 5% of GDP this year, debt is projected to climb further in the coming years. Meanwhile, softer US economic data have reduced expectations for near-term Federal Reserve tightening, contrasting with increasingly hawkish expectations for European monetary policy.
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France 10Y Bond Yield Hits 17-year High
France 10 Year Government Bond Yield increased to 3.97%, the highest since June 2009. Over the past 4 weeks, France 10Y Bond Yield gained 37.00 basis points, and in the last 12 months, it increased 70.50 basis points.
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