45 sats \ 1 reply \ @0xbitcoiner 8 Jul \ parent \ on: France: interest rate spread between French and German bonds closes again econ
Alright, but in this context, there is an upward trend in German bond yields, is that right? I briefly examined the French yields and they appear to be steady.
of course the markets generally want to push interest rates up, as the government debt of these bankruptcies is being sold off. but the ECB has clearly introduced yield curve control here and is trying to keep interest rates in check so that government budgets can continue to be financed.
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