Driven by fiscal concerns, the yield on France's 30-year government bonds rose to its highest level in over 16 years on Tuesday. The far-right National Rally (RN) party in France announced on Monday that it is preparing for early elections, anticipating that the opposition will overthrow the minority government in the vote scheduled for September 8. French Prime Minister Borne has begun negotiations with various parties to prevent the government from collapsing. As a result, the yield on France's 30-year government bonds reached its highest level since June 2009, at 4.513%, rising 6.5 basis points during the day.
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Due to fiscal concerns, France's 30-year borrowing costs have risen to a 16-year high.
Driven by fiscal concerns, the yield on France's 30-year government bonds rose to its highest level in over 16 years on Tuesday. The far-right National Rally (RN) party in France announced on Monday that it is preparing for early elections, anticipating that the opposition will overthrow the minority government in the vote scheduled for September 8. French Prime Minister Borne has begun negotiations with various parties to prevent the government from collapsing. As a result, the yield on France's 30-year government bonds reached its highest level since June 2009, at 4.513%, rising 6.5 basis points during the day.