French government borrowing costs rose and shares fell on Monday after a weekend of violent unrest across France, The Guardian reports.
The yield on 10-year French government bonds climbed seven basis points to 4.849%, widening the gap with German borrowing costs that markets watch as a gauge of risk. The 30-year yield rose to 5.397%. The Cac 40 index opened 1% lower and the euro slipped 0.4% against the dollar.
The interior ministry said almost 2,400 people had been arrested, and President Emmanuel Macron condemned the violence in a televised address on Sunday night. Weeks of largely peaceful protests over schools and living costs have given way to clashes in Paris, Bordeaux, Nice and Marseille. Higher borrowing costs add pressure as the government tries to pass a deficit-cutting budget for next year, with the 2027 election approaching.
Source: The Guardian
