On March 31st 2022, the rate of the 10 years bond issued by the French State has reached 1,02%. At the beginning of the month, this rate was 0.43% and, a year ago, -0.35%. This rebound is not the consequence of investors mistrust about France due to a strongly growing indebtedness because it is general in the euro-zone and the spread with the German bond on the same maturity has little fluctuated around 40 basis points. It is more revealing of the financial markets moves about the anticipations of the European Central Bank action. The phenomenon is ...