French Assets Sink Amid Growing Fears of Political Paralysis

French markets tumbled after the resignation of Prime Minister Sebastien Lecornu threw the country into another political crisis, raising the prospect of snap elections to break the deadlock. French bonds fell, with 10-year yields jumping as much as 11 basis points to 3.61%, pushing the premium that investors demanded to hold French debt over Germany to the highest level this year. The CAC 40 Index lost 1.4%, the most in six weeks, as banks took the biggest hit. The euro weakened 0.3% against the dollar. ...