French Debt Yields Top 5% for First Time Since 2002, Demand Persists

France is now financing itself at over 5% in the bond market, a level not seen since 2002, yet Morgan Stanley's Jean-François Ouvrard notes investors still buy French debt. The higher cost reflects fiscal concerns, but continued demand suggests no immediate crisis. This marks a significant shift in French borrowing costs and could signal broader eurozone sovereign risk repricing.

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