France’s Threat To The World’s Government Bond Market
4 Articles
4 Articles
American Enterprise Institute
The New York LedgerFrance’s Threat to the World’s Government Bond Market
Mark Twain is said to have observed that while history may not repeat itself, it certainly rhymes. We would do well to bear this in mind as we watch France’s government bond-market crisis unfold. As with the 1997–98 Asian financial crisis and the 2010 eurozone sovereign debt crisis, the turmoil in France’s bond market could quickly spread to other countries that share some of its basic weaknesses. That risk looks especially acute at a time when …
French government bonds have seen their worst nominal yields in 223 years, since the Jacobin Terror was included in 10-year rolling yield calculations, over the past decade. A combination of budget deficits, soaring debt and deteriorating market sentiment has put France's finances under historic pressure, Morningstar wrote.
Investors demand more and more to lend to the French government, and mistrust is already spreading to other European countries, amid high interest rates also in the US
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
