France's shock election has rattled nerves and raised debt crisis talk \ stacker news ~econ

France's shock election has rattled nerves and raised debt crisis talk www.cnbc.com/2024/06/27/frances-shock-election-has-rattled-nerves-and-raised-debt-crisis-talk.html

714 sats \ 8 comments \ @siggy47 27 Jun econ

French bond yields — which move inversely to prices — have been relatively contained. But market-watchers have highlighted France’s borrowing costs versus its neighbors’, particularly Germany’s. The spread between French and German 10-year bond yields has grown to more than 71 basis points since the vote was declared, its widest in more than a decade, as investors bet Germany is lower risk.

view all related items

54 sats \ 1 reply \ @wingalt 28 Jun

Interest points for what could be a turning point for the country but honestly who cares about the French stock market?

0 sats \ 0 replies \ @siggy47 OP 28 Jun

I think it's the bond market that's the main concern, with all that counterparty risk. It won't be contained to France.

54 sats \ 1 reply \ @Bell_curve 28 Jun

This is liberal mainstream FUD.

The German comparison is interesting. Once AfD gets a majority in Parliament CNBC will print the same article, find and replace France and Germany. Journalism is so hard lol

Actually real journalism is hard and valuable but today a real journalist is a unicorn almost

Taibbi and Greenwald are good journalists.

21 sats \ 0 replies \ @wingalt 28 Jun

And they prove it when they expose the party that they say they support (i.e., DNC). Good journalists would be more credible if they stayed politically neutral and only focus on reporting facts the public need to know

75 sats \ 0 replies \ @Satosora 27 Jun

Germany is always lower risk. They arent always being needed to be bailed out.

75 sats \ 1 reply \ @Coinsreporter 27 Jun

There's no stopping to this because Macron isn't coming back...

They aren't talking about it but unlike UK, EU may be forced to cut ties with France this time.

0 sats \ 0 replies \ @Satosora 28 Jun

They will never cut ties. They will just keep supporting them until the EU collapses. I dont know why it isnt better to just have your own individual country?

54 sats \ 0 replies \ @TomK 27 Jun

the drama surrounding the French government bonds began precisely with the European elections and the bankruptcy of the macron group. for me, this is a clear sign that the attacks on the French bond market are coming from the ranks of the EU and send a clear signal to the voters: send a clear signal to the voters: see this threatens you if you don't vote the way we want you to! It would be easy for the ECB to defend the interest rate spread between Germany and France