France's borrowing costs overtake America's for the first time since 2013 amid riots and budget gridlock

The yield on France's 10-year bond jumped nine basis points to 5.089% on Thursday, its highest level since July 2022. The gap with German debt is now at its widest in almost 15 years. Emmanuel Macron's government still cannot pass next year's budget, and parliamentary gridlock has blocked his plan to raise the pension age from 62 to 64. The interior ministry has recorded nearly 2,400 arrests.

Deutsche Bank boss Christian Sewing called the French turmoil a 'wake up call' on debt.

Supermarket giant Carrefour's shares plunged up to 15pc after it warned of a £170m hit from the riots.

Looters hit Louis Vuitton stores and protesters set fire to Limoges town hall.

The GuardianFrench borrowing costs overtake US amid budget turmoil The GuardianFrench borrowing costs hit 24-year high as civil unrest and budget fears spook markets - The Guardian Financial TimesFrance’s borrowing costs hit 5% for first time since 2002 This is MoneyFrance turmoil branded 'wake up call' over debt - as French borrowing costs hit 24-year high and Carrefour plunges - This is Money

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