French borrowing costs overtake US Treasury yields amid budget turmoil

France's 10-year borrowing costs rose above US Treasury yields for the first time since 2013 amid budget gridlock and nationwide protests.

• France's 10-year bond yield rose nine basis points to 5.089% on Thursday, surpassing the 5% threshold for the first time since 2002.
• French borrowing costs overtook US Treasury yields for the first time since 2013, with the premium over German bonds at its widest in nearly 15 years.
• France's Interior Ministry reported nearly 2,400 arrests after student protests over education funding and living costs turned violent in several cities.