French 10-Year Bond Yield Hits 5%, First Time Since 2002

France's 10-year OAT yield touched 5% on 21 October 2026, its first time at that level since July 2002, Reuters reported. The OAT is the benchmark French government bond, and a yield is the annual return a bond pays. Higher yields raise what France pays to borrow, and they feed into loan and mortgage pricing across the economy.