The yield on Greek 10-year government bonds fell below that of the corresponding French bonds on Thursday.
More specifically, the yield on the Greek 10-year bond stood at 2.99% when the corresponding French 10-year bond reached 3.05%.
According to Bloomberg, earlier on Thursday, France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the fate of the government.
The rate on 10-year French notes, traditionally considered among the safest in the euro area, rose to as high as 3.03% in early trading before the move was pared. That was the same as comparable Greek bonds, a country once at the heart of the European sovereign debt crisis.
