US Treasury yields and eurozone government bond yields continued to climb, with US borrowing costs nearing multi-decade highs, according to ChainCatcher. In Europe, French government bonds underperformed other eurozone sovereign debt, reflecting investor concern over whether France can cut its fiscal deficit to 5% of GDP by 2027. MainSky Asset Management Chairman Schulte said French debt is growing at roughly 8% a year. If that pace continues, France’s debt-to-GDP ratio could reach 130% by the end of 2027. The report points to mounting pressure in sovereign debt markets on both sides of the Atlantic, with France drawing particular scrutiny inside the euro area.
US Treasury yields and eurozone government bond yields continued to rise, with US borrowing costs nearing multi-decade highs, according to ChainCatcher.
French government bonds underperformed those of other eurozone countries, as investors questioned whether France can reduce its fiscal deficit to 5% of GDP by 2027.
Schulte, chairman of MainSky Asset Management, said French debt is expanding at about 8% a year. If that pace holds, France’s debt-to-GDP ratio could reach 130% by the end of 2027.
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