French debt stress threatens to spill over into Spain, Roams expert says
The yield on the French 10-year bond has reached 5.11%, its highest level since 2002, and its risk premium over Germany has climbed to 173.58 basis points, the highest since 2011. Spain's risk premium has risen to 71 points. Pablo Vega, an expert at Roams, warns that contagion exists, although investors still distinguish between the two economies based on fundamentals: France combines a high deficit, debt near 119% of GDP and political deadlock.
In 35 seconds
- The French 10-year bond yields 5.11%, the highest since 2002, and its risk premium over Germany reaches 173.58 basis points
- Spain's risk premium rises to 71 basis points, far below France's
- Santander holds about 9 billion euros in French bonds, CaixaBank about 8.4 billion and BBVA close to 3.9 billion
IASummary generated by artificial intelligence from a story by OkDiario. It may contain errors: the original source prevails.




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