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As a selloff in French government bonds deepens, the region's debt-laden economies risk a surge in borrowing costs while also grappling with increasing social unrest.
France faces a severe fiscal, debt, and political crisis, with its 10Y bond yield surging to ~5%, the highest since 2002. The deficit/GDP ratio remains far above the EU's 3% threshold, with public debt projected to reach 118% of GDP by 2026.
IMF expects at least one more 25 bps ECB rate hike in 2026
What's happening in France is staying in France bond-wise for now. That's a good thing.
Amin Nasser says ‘system is already straining' and ‘replenishing inventories could take up to two years'
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, says European stocks have remained resilient and have "done rather well" in the face of inflationary pressures and rising bond yields. He also comments on French bond yields.
Businesses and consumers across the eurozone grew slightly more pessimistic about the economy in September.
iShares MSCI Switzerland ETF (NYSEARCA:EWL - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 767,083 shares, an increase of 103.8% from the August 31st total of 376,373 shares. Based on an average daily volume of 586,544