THS LIVE | France's Bond Yields Jump as 500,000 Hit the Streets & Bonds Stay Above 5%

Over the weekend more than 500,000 people marched across France, with cars set on fire and over 2,000 arrests. This morning French 10-year yields jumped more than 10 basis points, the CAC 40 is down about 1.7%, and France now pays more to borrow than Italy or Greece. It lands on a US market that was already jumpy: since Friday’s show the 10-year is up about 6 basis points to 5.15%, Brent is near $110, and the VIX has climbed from 16 to 18. So is France a one-day scare, or the first crack in a global bond market that’s running out of buyers? We’re going live to work through it.

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French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall (CNBC)

Euro drops amid high energy prices and street riots in France (Reuters)

US rate rises are being amplified in global markets (FT Markets)

Pimco Sees A 6% 10-Year... Here's Why "Bad Inflation" Caps Yields (ZeroHedge)

Brent Flirts With $110 Before Reversing As Wright Declares Pump Prices Have "Peaked" (ZeroHedge)