French Bond Yields Explode To 24-Year High As Unrest And Fiscal Crisis, 10s +6bp

Wed 21 Oct 2026

Treasuries (close 2026-10-19): 2s 4.77% (+3.0bp), 10s 5.15% (+6.0bp), 30s 5.48% (+5.0bp).

Tape (close 2026-10-19): VIX 17.31, 2s10s +33bp.

Narrative: Fed will hike Fed funds rate in December 2026, said all 100 economists - Poll.

What mattered:

• French Bond Yields Explode To 24-Year High As Unrest And Fiscal Crisis Collide
• France’s 10-year bond yield climbs above 5% stirring fears of a credit crisis
• French 10-year bond yields hit 5%, highest since 2002
• French 10-year bond yield hits 5% for first time since 2002 amid unrest
• US orders some personnel to leave Saudi Arabia after Houthi attacks