0652 GMT - The spread between French and German 10-year government bond yields hits its highest since 2012, extending Thursday's jump after the French government proposed a 2027 budget containing 43 billion euros in cuts and cost savings. "Bond market developments are concerning," Commerzbank strategists say in a note. Importantly, the widening is no longer concentrated on France, with notable spillovers into the other high-debt countries including Italy, Belgium and Greece, they say. The spread between 10-year French OATs and German Bunds hits a high of 149.17 bps, LSEG data show.
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