France’s borrowing costs reach 24-year high as riots deepen budget worries

France’s 10-year borrowing cost topped 5 per cent again in early Paris trading on Thursday, a day after touching that level for the first time since 2002, as the country recovers from its worst urban riots in years and braces for more clashes to come. Analysts expected market pressure to persist in the near term amid uncertainties at home and abroad, but noted that the situation remained far from turning into another euro-zone crisis. The spread between 10-year French and German bonds widened to...