FRENCH BOND RISK HITS HIGHEST LEVEL SINCE 2012 France’s 10-year yield spread over Germany has surpassed 120 basis points for the first time in 14 years, as political uncertainty and accelerating inflation pressure French debt. The move comes as France prepares a record €340 billion bond issuance in 2027, with its deficit projected at 5.4% of GDP this year. French bonds now yield 22 basis points more than Italian debt, an unprecedented reversal in the euro era.(彭博社)