French 10-year bond yield tops 5%

France's 10-year government bond yield rises above 5% for the first time since 2002, widening the spread over German Bunds to 159 basis points.

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France's 10-year yield slipped back to about 4.998% by 12:30 Paris time after briefly topping 5%, AFP and Reuters report.

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The spread between French and German 10-year bond yields hit its widest since 2011, AFP reports.

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France's 10-year yield closed at 5.01% on Wednesday, up from 4.93% a day earlier, according to 20 Minutes. Italy's 10-year yield is at 4.57%.

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France's 10-year government bond yield eased to 4.998% at midday in Paris after rising to its highest level since 2002, according to market reports.

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