France's 10-Year Bond Yield Passes 5% for First Time Since 2002

France's 10-year government bond, the OAT, rose above 5% on October 21, 2026, for the first time since 2002, CNBC reported. Yield is the yearly return a bond pays at its current price, and it rises as the price falls. Cited causes include a projected 2026 budget gap of 5.4% of GDP (annual economic output) and elections due in six months.