France's 30-year bond yield just hit its highest level since 2008.
That's pre-Lehman territory. The last time French long-term borrowing costs were this elevated, we were weeks away from the global financial system nearly collapsing.
This isn't just a French problem. It's a signal that European sovereign debt markets are repricing risk in real time. Political uncertainty, fiscal deficits ballooning, and the ECB caught between inflation concerns and growth worries.
When a core eurozone country's borrowing costs spike like this, it ripples. Watch how this affects the euro exchange rate, European equities, and whether the ECB has room to maneuver on rates without triggering more bond market stress.
Markets are saying something loud here. Whether anyone's listening is another question.
That's pre-Lehman territory. The last time French long-term borrowing costs were this elevated, we were weeks away from the global financial system nearly collapsing.
This isn't just a French problem. It's a signal that European sovereign debt markets are repricing risk in real time. Political uncertainty, fiscal deficits ballooning, and the ECB caught between inflation concerns and growth worries.
When a core eurozone country's borrowing costs spike like this, it ripples. Watch how this affects the euro exchange rate, European equities, and whether the ECB has room to maneuver on rates without triggering more bond market stress.
Markets are saying something loud here. Whether anyone's listening is another question.