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France's Debt Crisis Deepens as Bond Markets Price In Rising Default Risk

French sovereign credit default swaps hit 81 basis points and 10-year bond yields reached 4.989%, the highest since 2002, as investors weigh political polarization and a potential far-right or far-left presidency against the country's deteriorating fiscal outlook.

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French sovereign credit default swaps hit 81 basis points and 10-year bond yields reached 4.989%, the highest since 2002, as investors weigh political polarization and a potential far-right or far-left presidency against the country's deteriorating fiscal outlook.