Live Updates > Live Update Details
2026-09-18 18:50:12
[The spread between French and German 10-year government bond yields widens to 100 basis points for the first time since 2012] ⑴ The spread between French and German 10-year government bond yields has widened to 100 basis points, the first time since 2012. ⑵ Concerns about the French budget remain the main driver of the widening spread. Although the French government plans to cut the budget after failing to meet its 2026 targets, it remains unclear how a compromise will be reached at the legislative level, and the 2027 presidential election also brings significant uncertainty. ⑶ Germany itself faces some political uncertainty, but the current situation in France has a more prominent impact. ⑷ Société Générale believes that the spread may further widen to 120 basis points.
