French 10-Year Yield Tops 5% for First Time Since 2002

France's benchmark 10-year government bond yield (OAT) rose above 5% on October 21, 2026, for the first time since 2002, CNBC reported. Yield, the annual return at the current price, rises as prices fall. Cited drivers include a projected 2026 deficit of 5.4% of GDP (annual economic output) and elections due in six months.