French and German treasury bonds continued their earlier decline, in line with global bond market trends. The 30-year yield broke through recent highs and rose to multi-year highs. The yield on French 30-year treasury bonds rose 3 basis points to 4.92%, the highest since 2008; German treasury bond yields also rose 3 basis points to 3.79% during the same period, the highest since 2011. The latest trend is part of the general rise in global long-term yields. Against the backdrop of large-scale government borrowing and high inflation, investors are demanding higher compensation to push long-term treasury bond yields to continue to rise

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