French 10-Year Bond Yield Spread Over Germany Widens to 100 Basis Points

The 100bp mark matters less as a number than as a threshold: it puts French credit risk back in the same conversation as the eurozone's more indebted periphery, at least in relative terms. The absence of any stated driver is itself the notable part, since spreads at this level usually invite a narrative — fiscal slippage, political uncertainty, or supply concerns. What is worth watching is whether this holds as a durable repricing of French risk or fades once a catalyst is identified.