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The 10-year Treasury yield (^TNX) reached 5.12% on Wednesday, marking its highest point since 2007. Meanwhile, the 30-year Treasury (^TYX) yield hit 5.37%, and the 5-year yield also climbed to a 2007 peak as the stock market experienced a decline.

France’s national debt is mounting and is set to reach its highest level since 1978 this year, driven by a persistent deficit, the finance ministry reported on Saturday.