The Zhitong Finance App learned that the most disturbing and profound change in the European bond market at present is that France is losing its financing advantage as a traditional Western core country. On October 9, the yield on French 10-year treasury bonds reached 30 basis points higher than Italy's, setting a historical record since the birth of the euro; the interest rate spread between France and Germany once broke through 150 basis points last week, returning to the extreme point level of the European debt crisis after a lapse of nearly 20 years. France's 10-year yield has accumulated a cumulative increase of nearly 80 basis points and is close to 5% since the beginning of September, reaching the highest level since 2002. Fiscal deficits are difficult to reduce, budget execution is hampered by politics, and global long-term capital costs are rising due to spillover effects brought about by a surge in 10-year and longer-term US bond yields, which is driving France into the center of the European bond market storm.

Zhitongcaijing · 1d ago
The Zhitong Finance App learned that the most disturbing and profound change in the European bond market at present is that France is losing its financing advantage as a traditional Western core country. On October 9, the yield on French 10-year treasury bonds reached 30 basis points higher than Italy's, setting a historical record since the birth of the euro; the interest rate spread between France and Germany once broke through 150 basis points last week, returning to the extreme point level of the European debt crisis after a lapse of nearly 20 years. France's 10-year yield has accumulated a cumulative increase of nearly 80 basis points and is close to 5% since the beginning of September, reaching the highest level since 2002. Fiscal deficits are difficult to reduce, budget execution is hampered by politics, and global long-term capital costs are rising due to spillover effects brought about by a surge in 10-year and longer-term US bond yields, which is driving France into the center of the European bond market storm.