🇫🇷 FRENCH DEFAULT RISK REMAINS NEAR MULTI-YEAR HIGHS

The cost of insuring French government debt against default remains elevated as political instability and fiscal concerns weigh on investor confidence.

France’s 5-year sovereign CDS stands at 80 basis points, just below last week’s multi-year high of 84 basis points.

Investors are watching whether the government can secure parliamentary support for its 2027 budget and proposed spending cuts, amid growing concerns over France’s debt sustainability.
(@WalterBloomberg)