# French 10-Year Yield Hits 24-Year High as Macron Criticizes Trump By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/38536 Published: 2026-10-23T01:11:50.000Z Updated: 2026-10-23T01:11:50.000Z Section: Investing > France is reviewing its 2027 budget without a parliamentary majority as concerns about its deficit and political unrest weigh on confidence in public finances. The 10-year French government borrowing rate hit 5.1415% at its session peak on Oct. 22, its highest level in 24 years, as fiscal concerns and political unrest put pressure on the country’s finances. At 8:39 a.m. ET (12:39 UTC), the yield stood at 5.0813%, compared with 4.9938% in the previous session. France’s [first move above 5% since 2002]() came the day before. Investors have questioned whether France can reduce its large budget deficit. Parliament is reviewing the 2027 budget, but the government lacks a majority and may use special powers to pass it, potentially bringing more political turmoil. The debate is focused in part on reducing the deficit relative to the size of the economy, while rising debt-servicing costs add to the strain. A widening gap between French and German borrowing costs could also prompt the European Central Bank to intervene. France recently lowered its 2026 growth forecast to 0.5% from 1%. The revision comes amid unrest that has included looting and arson in several cities, alongside large peaceful demonstrations over public services, living costs and dissatisfaction with political leaders. French President Emmanuel Macron criticized foreign leaders’ remarks about the unrest, including comments by U.S. President Donald Trump. Macron called the remarks unacceptable and foolish, and accused politicians of using France’s situation for their own gain. Trump had blamed the turmoil on immigration, jihadists and communists, and urged Europe to close its borders. Macron had also faced criticism over a recent trip to Gulf countries and vowed that the violence would not happen again. Interior Minister Laurent Nuñez said Oct. 21 that some troops would be deployed to help maintain order. The UNEF student union and the Yellow Vests movement have called for more demonstrations this weekend. ## Links in this article - [first move above 5% since 2002](https://www.tokenpost.com/news/investing/37073)