Markets
French Borrowing Costs Reach a 2002 High and the Euro Slides as the 2027 Budget Lands
The French-German 10-year spread widened to about 141 basis points, the most since the euro-zone debt crisis, and European bank shares fell sharply before a partial Friday rebound.
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By Marcus Elrod
Oct 3, 2026 · 2 min read
France's government bond market came under renewed pressure after the government presented its 2027 budget, pushing the country's borrowing costs to their highest level in more than two decades and dragging the euro to its weakest point against the dollar since 2025.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.