Martin Armstrong: France’s Bond Turmoil Is a Warning of a Bigger Sovereign Debt Crisis - Mining.com
Martin Armstrong: France’s Bond Turmoil Is a Warning of a Bigger Sovereign Debt Crisis - Mining.com
Source: Mining.com
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DW NOTE
France's 10-year yields hit 3.04% last week — the widest spread over German bunds since the euro crisis. Armstrong calls it a harbinger of systemic sovereign debt collapse. Maybe. But France has run deficits above 3% for seventeen of the last twenty years and the bond market only now decided to care. The question isn't whether the debt is unsustainable — it obviously is — it's why vigilantes woke up in October 2026 and not October 2016.