Bond investors are exacting a heavy price from three of Europe’s largest economies, which are struggling with a credibility crisis as the Iran conflict thrusts government borrowing back into the spotlight. “Britain, Italy and France have now become nations where spreads to what we’d call core nations — such as the U.S. and German government…
Crowds of pedestrians and shoppers walk along Weinstrasse toward Marienplatz in Munich, Germany, on March 14, 2026. Michael Nguyen | Nurphoto | Getty Images European government bonds continued to sell off on Friday, building on a rout that has seen multiple countries’ borrowing costs hit multi-decade highs in recent weeks. Thursday saw the yield on…
The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images U.S. political strategist James Carville famously said he would like to be reincarnated as the bond market because “you can intimidate everyone.” So when bond yields start signaling a problem, the…
