France Debt Crisis: 10Y Yield Tops US For First Time Since 2013
France's 10-year government bond yield rose above the US 10Y for the first time since 2013 (+550bps since 2020), raising fears of a self-perpetuating sovereign debt spiral in the eurozone's second-largest economy.
What we know
An account on X highlighted the historic milestone: France's 10Y yield now exceeds the US 10Y for the first time since 2013, up +550bps since its 2020 low, with borrowing costs 'skyrocketing.' another account on X amplified analysis from another account on X warning that France's debt situation is getting 'self-perpetuating' and starting to 'spin out of control,' with its 10Y spread above the global average widening sharply. Another account on X published a broader piece arguing France's riots demonstrate the limits of the left-liberal governing philosophy Europe has embraced for 50 years.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.