French 10-Year Bond Yield Nears 5% as Stocks, Bonds and Currency Sell Off - BigGo Finance
French 10-Year Bond Yield Nears 5% as Stocks, Bonds and Currency Sell Off - BigGo Finance
Source: BigGo Finance
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DW NOTE
France now prices like a middling emerging market — not because the fiscal position suddenly worsened, but because investors finally stopped pretending the European Central Bank would monetise it indefinitely. The 10-year at 5% reflects capital repricing sovereign promises against actual fiscal capacity, and France hasn't balanced a budget since 1974.