French Bond Sell-Off Deepens, Credit Insurance Costs Near 2013 Levels

French government bonds sold off further in the session, with the cost of credit default swaps — insurance contracts that pay out if a borrower defaults — climbing toward levels not seen since 2013. The move tracks escalating civil unrest in France that has unsettled investors already wary of the country's fiscal trajectory. The pressure spilled into broader European markets. London's FTSE 100 slipped in the same session, with traders citing both the French turmoil and rising tensions involving Iran as reasons to pull back from riskier positions. What remains unresolved is whether this is a contained French story or the start of a wider eurozone repricing. Investors are watching whether the unrest stabilizes or spreads to disrupt the French government's ability to issue debt on favorable terms.