French sovereign debt is the first casualty, followed by U.S. Treasuries? Is the global market feeling the impact of Japan’s rate hike? - 富途牛牛
French sovereign debt is the first casualty, followed by U.S. Treasuries? Is the global market feeling the impact of Japan’s rate hike? - 富途牛牛
Source: 富途牛牛
―
DW NOTE
The BOJ raised rates 25 basis points in July. French OATs are selling off because France ran a 6.1% deficit last year and has no government. If Japan's tightening is the problem, why are US Treasuries at 5.27% while the Fed just raised in September and inflation is 3.4%? Markets price fiscal incontinence, not foreign policy rates.