The 30-year French bond yield hit a near fourteen-year high, driven by budget issues in France and leading to higher costs for peripheral eurozone countries outside of France.

At the end of Monday's European market session, the yield on French 10-year government bonds increased by 9.3 basis points, hitting a daily high of 3.511% and approaching the high of 3.631% on March 6, with continuous volatile upward movement throughout the day. The yield on 2-year French government bonds rose by 4.0 basis points, holding steady near the daily high; the yield on 30-year French government bonds increased by 8.5 basis points to 4.393%, approaching the high of 4.522% on November 16, 2011. The yield on Italian 10-year government bonds rose by 6.9 basis points to 3.595%. The yield on Spanish 10-year government bonds rose by 6.9 basis points to 3.370%. The yield on Greek 10-year government bonds rose by 7.8 basis points to 3.447%.