French OAT Yield Hits Highest Since 2002 as Protests Test Investor Confidence
France's 10 year OAT yield rose 11 basis points to its highest level since 2002, with the spread over German Bunds the widest since November 2011. The CAC 40 has fallen 4.5% in a month. ING says over 2,000 businesses reported direct damage by Tuesday. Carrefour cut its profit outlook and shares fell more than 14%. The National Assembly resumes budget debate on Oct 27.