The Bond Market Has Singled Out France

They can't harm you, if they can't find you! Use code BOYLE at the link below and get 60% off an annual plan: https://incogni.com/boyle France now pays more to borrow than Greece and Italy, and French bond yields have hit their highest level in almost a quarter of a century. In this video, I look at why the French debt crisis is happening now: a global bond market selloff driven by AI spending and the Iran energy shock, a budget deficit of 5.4% of GDP, and a minority government trying to pass spending cuts while students blockade schools across the country. We look at why Italy, with more debt than France, can borrow more cheaply, what the primary balance tells bond investors, and what Marine Le Pen and Jean-Luc Mélenchon are proposing ahead of next year’s presidential election. Finally, we ask whether the European Central Bank can step in with its Transmission Protection Instrument, and why the euro turns what would once have been a currency crisis into a slow squeeze. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social Business Inquiries ➡️ sponsors@onfinance.org Patrick Boyle On Finance Podcast: Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313 Google Podcasts: https://tinyurl.com/62862nve Join this channel to support making this content: https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join