Fall of the Bayrou government: on the markets, France now borrows as dearly as Italy
Published on Reading time: 2 min
The markets have punished the political instability in France, following the fall of François Bayrou. Delphine Goldsztejn / PHOTOPQR/LE PARISIEN/MAXPPP
In the aftermath of the fall of the Bayrou government, French ten-year bond rates rose to the same level as those of Italy.
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I subscribeThat's it. On the markets, France is now borrowing almost as expensively as Italy for its ten-year bonds. The curve even inverted for a moment on Tuesday morning, September 9: 3.49% for the French bond compared to 3.484% for its Italian equivalent. A first in fifteen years. The difference may seem small, but it is highly symbolic.
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