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 ...

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In France, for the first time this year, if we except a short period during Summer, the 10 years State Bond went back on December 3^rd into negative territory : -0.03%. So, against the forecasts stated many times by the economists and despite the spectacular increase of the public indebtedness since the beginning of the sanitary crisis, France financing conditions remain extremely favorable. But it is not an exception in Europe. Germany keeps its 30 to 40 basis points spread with Paris and has issued these last days 10 years bonds carrying a -0.39% rate. In the Unites ...

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Since the beginning of August, the French State 10 Years-Bonds rate has fluctuated between -0.14% and -0.20%. We must come back to 2020 autumn at the top of the second wave of the Covid-19 pandemic to find so low interest rates. The trend is general in the euro zone and the spread between the countries said “virtuous” and the southern countries has not stopped to narrowing. Between France and Germany, it little oscillates around 35 basis points when the difference between their public indebtedness ratios is huge, with 75% of the GDP for Germany and near 120% in ...

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