The premium of French 10-year government bond yields to safe-haven German ones rose to above 150 basis points on Friday, its highest since late 2011, as worries about France's finances and political turmoil grew. Government bonds worldwide have been under pressure recently given the backdrop of elevated energy prices, rising inflation and higher interest rate expectations, but French debt has been hit even harder by concern about the government's ability to cut spending and improve its finances ahead of the 2027 presidential election.