France most likely to see bond crisis: survey

France is the country most likely to face a government bond crisis in the next two years, surpassing the United Kingdom and the United States, a Deutsche Bank survey reveals.

The survey, conducted from September 22-25, found that over half of the respondents rated France as the most vulnerable. The UK ranked second at approximately 20 percent, followed by the US in third place.

French bonds have been under pressure for over a year. Successive French prime ministers have struggled to implement reforms aimed at cutting public spending and reducing the country's deficit—the largest in the eurozone.

As a result, France's 10-year government bond yield—a key measure of borrowing costs—is now on par with Italy's. Italy was historically viewed as the epitome of fiscal irresponsibility in the eurozone until a period of political stability under Prime Minister Giorgia Meloni. In the Deutsche Bank survey, Italy ranked fifth, while Japan placed fourth.