French Markets Tumble Amid Political Crisis and Deficit Concerns

French markets experienced a significant downturn, with bond prices falling and the 10-year yield rising by 13 basis points, marking its largest one-day increase since late September. This market reaction is attributed to widespread protests across France, which have intensified concerns about the government's ability to manage its large deficit. The spread between French and German 10-year yields widened to 146 basis points, reflecting increased investor apprehension regarding France's fiscal stability.