French borrowing costs top Italy’s as Lecornu’s resignation forces risk rethink
Italia
France’s benchmark borrowing costs rose above those of Italy on Monday after the shock resignation of Prime Minister Sébastien Lecornu forced financial markets to confront the extent of the country’s political dysfunction. The yield on France’s 10-year government bond rose eight basis points to hit 3.59 percent in morning trading, a whisker short of its highest level this year, and above its Italian counterpart, which is yielding 3.58 percent. The move is the latest expression of a profound
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