Public Debt: France's Borrowing Rate Exceeds 4%, Highest Since 2008
11 Articles
11 Articles
France is now borrowing at 4.10% on the 10-year bond markets, close to the record level of November 2008, at the height of the subprime mortgage crisis, when the rate was 4.20%. This reflects fears of a global and prolonged inflationary crisis linked to the war in the Middle East and the subsequent rise in oil prices. This rate also reflects the confidence of lenders in the country to which they are lending.
On Tuesday 18 August, the French debt rate reached its highest level since 2008, at 4.10%. This figure can be explained by the rise in the cost of state borrowing on bond markets, due to inflationary fears related to the war in the Middle East. - Public debt: France's borrowing rate exceeds 4%, at the highest since 2008 (Economy).
Public debt is the cost of the widespread rise in interest rates in the major world economies, in the context of long-term high oil prices as a result of the war in the Middle East.
The yield on French 10-year bonds reached 4.10% on Tuesday, an unprecedented peak since the 2008 financial crisis, as a result of inflationary tensions linked to the conflict in the Middle East.
France's borrowing rate reached 4.10% over 10 years, its highest level since 2008. This increase, due to inflationary fears related to the war in the Middle East, complicates the financing of French debt.
Investors worldwide fear that the Middle East crisis will keep inflation high for a long time.
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